SCHEDULE 13D/A: Mithaq Capital SPC Increases Stake in Nexxen International to 28.8% Following Issuer Share Buyback and Stock Split

Mithaq Capital SPC's beneficial ownership in Nexxen International Ltd. has increased to 28.8% due to the issuer's share repurchase program and a reverse stock split, without any new share acquisitions by Mithaq.

Summary

• Mithaq Capital SPC, along with Turki Saleh A. Alrajhi and Muhammad Asif Seemab, collectively beneficially own 17,458,711 Ordinary Shares of Nexxen International Ltd.
• This represents 28.8% of Nexxen International Ltd.'s outstanding Ordinary Shares, based on 60,713,596 shares reported outstanding by the Issuer on May 1, 2025.
• The Reporting Persons' percentage ownership increased by 1.76% since the filing of Amendment No. 5.
• This increase in percentage ownership is solely due to Nexxen International Ltd.'s share repurchase program, which reduced the total number of outstanding shares.
• The Reporting Persons have not acquired or disposed of any Ordinary Shares or ADSs since the filing of Amendment No. 5.
• Nexxen International Ltd. effected a two-for-one reverse stock split and converted all ADSs into Ordinary Shares on a one-for-one exchange, which also impacted the reported share numbers.
• Mithaq Capital SPC is managed by its Board of Directors, consisting of Turki Saleh A. AlRajhi and Muhammad Asif Seemab, who have exclusive authority over the shares reported.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership changes, driven by issuer actions (share buyback, stock split), rather than a performance report. It presents neutral information without explicit positive or negative sentiment regarding the company's operations or financial health.

Positives

• The Reporting Persons' percentage ownership in Nexxen International Ltd. increased by 1.76% without additional investment, indicating a more concentrated stake due to the Issuer's share buyback.

Future Outlook

The document does not provide any forward-looking statements or guidance regarding the Issuer's future performance or strategic direction.

Management Comments

• Mithaq Capital SPC is managed by its Board of Directors, which consists of Turki Saleh A. AlRajhi and Muhammad Asif Seemab.
• The Board of Mithaq Capital SPC has exclusive authority concerning purchases, dispositions, and voting of Shares reported on this Schedule 13D.
• Each of Mr. AlRajhi and Mr. Seemab possesses an ownership interest in Mithaq Capital SPC, and Mr. Seemab may share in any profits realized from Mithaq Capital SPC's investment in the shares.

Industry Context

This filing is a specific disclosure of beneficial ownership and does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: The Issuer's share repurchase program and reverse stock split impact the total number of outstanding shares, which can affect per-share metrics and ownership percentages for all shareholders.
• Mithaq Capital SPC (Reporting Persons): Their percentage ownership has increased, consolidating their influence without additional capital outlay.

Key Dates

Keywords

Nexxen International Ltd., Mithaq Capital SPC, Beneficial Ownership, Schedule 13D, Share Repurchase, Stock Split, ADS Conversion, Ordinary Shares