GlobeNewswire·Dec 10, 2025, 4:05 PM ET

Nayax Announces the Completion of a Notes and Warrants Offering in Israel

Nayax Ltd. completed an offering in Israel by expanding its Series A Notes & Series 1 Warrants on December 10, 2025.
The Company sold 518,381 Units at NIS 1,091 per Unit, generating aggregate gross proceeds of NIS 565.6 million (approx. $176 million).
Each Unit consists of NIS 1,000 principal in Notes & three Warrants exercisable into one ordinary share.
The Offering was oversubscribed by 13.98%, with qualified investors receiving 87.73% of their orders based on early commitment.
Net proceeds are estimated at NIS 558.4 million (approx. $173.1 million) after fees & expenses, to be used for general corporate purposes including potential acquisitions.
The Notes carry a fixed annual interest rate of 5.9% maturing on September 30, 2030, with rates adjustable upward if specific financial thresholds are not met.
Principal repayment occurs in four annual installments starting September 2027: two 10% payments followed by two 40% payments.
Warrants are exercisable into ordinary shares at an initial price of NIS 177.80 (approx. NIS 158.16 currently), representing a 22% premium over the Dec 9, 2025 closing price.
Warrants expire on March 31, 2027, & are subject to adjustments based on the NIS-to-USD exchange rate.
Securities will be listed for trading on the Tel-Aviv Stock Exchange & were offered exclusively to Israeli investors outside the U.S.