Nayax Considers Launching Israeli Offering of Series A Notes and Series 1 Warrants

MT Newswires Live12-08

Nayax (NYAX) said Sunday it is considering launching an offering expanding its series A notes and series 1 warrants, which would be available only to the Israeli public.

The company said the offering would consist of one unit price, with each unit consisting of 1,000 Israeli New Shekels ($311.47) par value of series A notes and three series 1 warrants, with each warrant exercisable into one common share.

Nayax said it may conduct a tender Monday, with no minimum tender price. Qualified Israeli investors would be eligible for an early commitment fee of 0.40% of the total consideration based on the minimum price of the units they have committed to acquiring, according to the company.

The net proceeds from the offering, if completed, would be used for general corporate purposes, including potential acquisitions, the company said.

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