Nayax Ltd.'s stock soared 6.03% in Friday's trading session, outperforming the broader market. This sharp rise is attributed to the company's successful notes and warrants offering, as well as its plans for the proceeds.
On Friday, Nayax announced that it had raised $137.1 million through the sale of notes and warrants to classified investors in Israel. The offering consisted of 486,291 units priced at 1,021 new Israeli shekels per unit, with each unit comprising 1,000 new Israeli shekels in principal amount of notes and three warrants.
The company stated that the net proceeds of approximately $135.7 million would be used for debt repayment, acquisitions, and general corporate purposes. Investors appear to have reacted positively to this news, as debt reduction and potential acquisitions could strengthen Nayax's financial position and growth prospects.