Nayax announces the launch of its global initial public offering

Nayax has announced that it has commenced a global initial public offering of its ordinary shares to institutional investors. The offering in Israel is being made pursuant to a prospectus filed with the Israel Securities Authority which is expected to be approved. Nayax proposes to sell up to 44,000,000 of its ordinary shares in the offering, and three existing shareholders (the “Selling Shareholders”) propose to sell up to 19,500,000 of Nayax’s ordinary shares in the offering, collectively. The underwriters of the offering will also have a 30-day option to purchase up to an additional 9,525,000 ordinary shares from Nayax, at the initial public offering price. The initial public offering price is currently estimated to be between ILS 10 and 12 per share. Nayax intends to use the proceeds from the initial public offering for financing and expanding Nayax’s business activities in line with its strategy, including entry into new territories. Nayax will not receive any proceeds from the sale of the ordinary shares by the Selling Shareholders. Nayax has applied to list its ordinary shares on The Tel-Aviv Stock Exchange Ltd. under the ticker symbol “NYAX.”

There is no assurance the offering will be completed, the timing of its completion, or the terms thereof. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.