NYAX.NASDAQNayax LTD
20-F/A: Nayax Ltd. Corrects Typographical Error in 2023 Annual Report Filing
Sentiment:
Form 20-F/A
Nayax Ltd. files an amendment to its 2023 annual report to correct a typographical error in the independent auditor's report.
Summary
- Nayax Ltd. has filed an amendment to its annual report on Form 20-F for the fiscal year ended December 31, 2023.
- The amendment solely addresses a typographical error found in the Report of Independent Registered Public Accounting Firm.
- The company has included the unchanged consolidated financial statements, a revised audit report, and updated certifications from the CEO and CFO.
- The original filing was submitted on February 28, 2024.
- The company had outstanding 33,326,736 ordinary shares as of December 31, 2023.
Sentiment
Score: 7
Explanation: The document is neutral in sentiment as it primarily focuses on correcting a minor error in a financial report. There are no indications of significant positive or negative impacts on the company's financial health or future prospects.
Key Dates
| Date | Description |
|---|---|
| 2005-01 | Nayax Ltd. was incorporated |
| 2013-02 | The option plan approved by the Company's Board of Directors |
| 2016-11 | Agreement with Mr. Yair Nechmad for his service as the Company's CEO |
| 2016-11 | Agreement with Mr. David Ben Avi for his service as the Company's CTO |
| 2018-12 | Global equity-settled incentive plan adopted by the Company's Board of Directors |
| 2020-02 | The Group received a loan in the amount of Euro 3.5 million |
| 2020-05 | The Company received a long-term loan from the Bank, backed by a government guarantee, in the amount of NIS 15 million |
| 2020-09-30 | The effective date of the Shareholders' Agreement |
| 2020-10-15 | The Company's Board of Directors resolved to offer holders of options offered under the 2013 Plan in the capital gains track with a trustee under Section 102(b)(2) to the Israel Income Tax Ordinance [New Version] to replace the 2013 Employee Options in their possession with new options under the 2018 Plan |
| 2020-11-10 | According to a tax ruling received from the Israel Tax Authority (ITA), the Company's Board of Directors approved on that day, in relation to interested Offerees, to cancel 249,340 of 2013 Employee Options allocated to them and replace those with 246,000 options that were allotted on November 10, 2020 to those same Offerees under the 2018 Plan |
| 2020-12 | The Company received an in-agreement tax ruling, indicating that the enterprise of the Company meets the definition of a Technological Preferred Enterprise |
| 2021-01-01 | Effective date of revision to the terms of engagement between the Company and Mr. Yair Nechmad |
| 2021-01-01 | Effective date of revision to the terms of engagement between the Company and Mr. David Ben-Avi |
| 2021-01-07 | The Company allotted to two employees of the Company 40,000 options each (a total of 80,000 options) under the 2018 Plan |
| 2021-03-09 | The Company's controlling shareholders entered into a shareholders' agreement |
| 2021-03-10 | The Board of Directors and the general meeting of the shareholders of the Company approved a revision to the terms of engagement between the Company and Mr. Yair Nechmad |
| 2021-03-10 | The Board of Directors and the general meeting of the shareholders of the Company approved a revision to the terms of engagement between the Company and Mr. David Ben-Avi |
| 2021-03-24 | The Company allotted 282,500 options to employees of the Company and subsidiaries under the 2018 Plan |
| 2021-04 | All ordinary A shares of NIS 0.001 par value and all ordinary B shares of NIS 0.001 par value were converted into ordinary shares of NIS 0.001 par value each based on a 1:1 ratio |
| 2021-04 | The Company increased the registered share capital by 32,000,000 Ordinary shares par value NIS 0.001 each |
| 2021-04 | Mr. Amir Nechmad, through Ofer R.G Ltd., provided the Company a $2 million credit line |
| 2021-05-04 | The Board of Directors and general meeting of the Company approved engagement in revised service agreements with Mr. Yair Nechmad |
| 2021-05-04 | The Board of Directors and general meeting of the Company approved engagement in revised service agreements with Mr. David Ben Avi |
| 2021-05-13 | The Company completed an initial public offering (IPO) on the Tel Aviv stock exchange (TASE) |
| 2021-05-13 | The Company allotted Mr. Yair Nechmad and Mr. David Ben Avi 725,000 options each, which are convertible into ordinary Company shares |
| 2021-06 | The Company repaid the full amount it utilized out of the credit line totaling $1.3 million |
| 2021-08-22 | The Company's board of directors approved an allotment to employees of the Company and subsidiaries and to service providers of 196,750 options under the 2018 Plan and of 50,000 restricted share units (RSUs) |
| 2021-11 | Arnon Nechmad was hired by a wholly-owned subsidiary of the Company |
| 2021-11-11 | The Company's board of directors approved an allotment to employees of the Company and subsidiaries of 167,500 options under the 2018 Plan |
| 2021-12 | Tal Tannenbaum has been a part-time employee of the Company since December 2021 |
| 2022-01-19 | The Company entered into a binding term sheet with On Track Innovations Ltd. |
| 2022-01-27 | The Company executed a Loan agreement with OTI, according to which the Company extended a Loan to OTI totaling $5.5 million to repay its outstanding debts |
| 2022-03-17 | The merger agreement with OTI were completed under the preliminary terms as noted at the binding sheet which OTI will become a private wholly-owned subsidiary of the Company |
| 2022-03-28 | On March 28, 2022, the Company allotted 215,500 options and 45,000 restricted share units (RSUs) to employees of the Company and subsidiaries |
| 2022-04-25 | The Company extended OTI an additional loan amount of $1 million |
| 2022-05-10 | OTI's general assembly of shareholders approved the Merger agreement |
| 2022-05-31 | According to a tax ruling received from the Israel Tax Authority (ITA) on May 31, 2022, the exercise price for 191,750 options was updated to $20.39 and the incremental fair value is $486 thousand |
| 2022-06-09 | The transactions under the Merger Agreement were completed and the shareholders of OTI received from the Company an aggregate cash consideration of $4.5 million |
| 2022-06-21 | A new agreement of collaboration was signed between the Company, Bank Hapoalim, Mr. Alon Feit, IoT Capital Ltd., and IoT Technology Holdings Ltd. |
| 2022-06-30 | On June 30, 2022, the Company allotted 170,000 options and 6,000 restricted share units (RSUs) to employees of the Company and subsidiaries |
| 2022-07-05 | The Company extended OTI an additional loan amount of $1.6 million |
| 2022-07-18 | The cash consideration was paid in full |
| 2022-08 | Tal Tannenbaum became the daughter-in-law of Yair Nechmad |
| 2022-09 | On September, 2022, the Company allotted 54,500 options and 18,600 restricted share units (RSUs) to employees of the Company and subsidiaries |
| 2022-09-11 | Company's shareholders approved a reverse share split in a ratio of 10:1 |
| 2022-09-21 | Company's ordinary shares were listed on the Nasdaq Global Select Market under the symbol NYAX |
| 2022-12-02 | The company received an additional loan in the amount of Euro 6.5 million |
| 2022-12-04 | As part of an agreement with a European acquire payment processor for the provision of loans, the Group has undertaken in December 4, 2022 to reach, in aggregate, a minimum processing turnover of Euro 250 million transactions per month and to reach minimum turnover of 3.5 million transactions per annum which includes at least 55% through Visa credit |
| 2022-12-20 | On December, 2022, the Company allotted 10,667 restricted share units (RSUs) to employees of the Company and subsidiaries |
| 2023-01-31 | The Company entered into a binding agreement for the purchase of the entire share capital of Roseman Engineering Ltd. and Roseman Holdings Ltd. |
| 2023-06-21 | A new agreement of collaboration was signed between the Company, Bank Hapoalim, Mr. Alon Feit, IoT Capital Ltd., and IoT Technology Holdings Ltd. |
| 2023-06-26 | The Company allotted 27,500 options and 137,524 restricted share units (RSUs) to employees of the Company and subsidiaries |
| 2023-07 | The Company entered into an additional short-term credit facility with an Israeli bank in the amount of $9.75 million, which was later increased to $30 million |
| 2023-08 | The company filed with the Israel Securities Authority a shelf prospectus |
| 2023-10 | The company filed with the SEC a Registration Statement on Form F-3 |
| 2023-11 | The same bank approved an additional loan amount of $17 million that will be used as a bridge loan for the purchase of Retail Pros intellectual property and the purchase of all of Retail Pros equity rights by a fully owned subsidiary of the company |
| 2023-11-30 | The company successfully concluded its acquisition of Retail Pro International, LLC |
| 2023-11-30 | The Company allotted 96,731 restricted share units (RSUs) to employees of the Company and subsidiaries |
| 2023-12-21 | The company received the approval of the Israeli Competition Authority |
| 2024-02-25 | The Company received from the same bank an approval for a long-term loan through bank financing |
| 2024-02-28 | Nayax Ltd. files an amendment to its 2023 annual report to correct a typographical error in the independent auditor's report |
Keywords
20-F/A, amendment, annual report, financial statements, audit report, Nayax Ltd.
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