Nayax Ltd.: Completing a Successful Notes and Warrants Offering
Herzliya, Israel – March 10, 2025
Nayax Ltd. (Nasdaq: NYAX; TASE: NYAX), a leading provider of cashless payment solutions and services for the vending and unattended retail market, is thrilled to announce the successful completion of its Notes and Warrants Offering in Israel (the “Notes” and the “Warrants”, respectively and together, the “Securities”). This offering is a significant milestone for Nayax as it will enable the company to strengthen its financial position and continue its growth trajectory.
Background
The Notes and Warrants Offering was announced on February 13, 2025, and March 7, 2025, with the intention of raising gross proceeds of approximately $50 million. The Securities were offered to qualified institutional buyers and other accredited investors in Israel and the United States.
Impact on Nayax
The successful completion of the Notes and Warrants Offering will provide Nayax with several benefits:
- Strengthened Balance Sheet: The net proceeds from the Offering will be used to repay a portion of the Company’s outstanding debt and for general corporate purposes.
- Continued Growth: The additional capital will enable Nayax to continue its investment in research and development, sales and marketing, and strategic initiatives, further strengthening its position in the rapidly growing cashless payments market.
- Diversified Investor Base: The Offering attracted a diverse group of investors, including both existing and new institutional investors, further broadening Nayax’s shareholder base.
Impact on Consumers and the World
The successful completion of Nayax’s Notes and Warrants Offering is expected to have a positive impact on consumers and the world at large:
- Increased Convenience: As Nayax continues to invest in research and development, consumers can look forward to even more convenient and seamless cashless payment solutions for their daily needs.
- Reduced Cash Handling: With the increasing adoption of cashless payments, there will be a reduction in the need for cash handling, making transactions faster, more hygienic, and more secure.
- Sustainability: By reducing the need for cash transactions, Nayax’s cashless payment solutions contribute to a more sustainable and eco-friendly future, as less cash means fewer paper bills and coins in circulation.
Conclusion
Nayax Ltd.’s successful completion of its Notes and Warrants Offering is an exciting milestone for the company and the cashless payments industry as a whole. With the additional capital, Nayax will be able to strengthen its balance sheet, continue its growth trajectory, and diversify its investor base. Meanwhile, consumers and the world can look forward to increased convenience, reduced cash handling, and a more sustainable future as the adoption of cashless payments continues to grow.
Nayax is committed to leading the way in the cashless payments market and is excited about the opportunities that lie ahead. Stay tuned for further updates on the Company’s progress and developments.
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