Recent Updates — NYAX
Eran Havshush resigned as a director of Nayax Ltd., effective September 1, 2026. His departure follows the adoption of a revised Remuneration Policy in May 2026 that prohibits non-executive directors from providing services other than their board duties. Mr. Havshush will continue to serve the company as an external service provider under a separate agreement. The resignation was not due to any disagreement with company policies or practices.
Nayax Ltd. entered into a definitive agreement to acquire IPS Group, Inc., a leading smart parking technology provider, in an all-cash transaction valued at $350 million on a cash-free, debt-free basis. The acquisition is funded using existing cash and approximately $150 million of new committed debt, resulting in net leverage of roughly 3.8x at closing, expected to decline below 3.0x by the end of 2027. IPS generated estimated 2026 revenue exceeding $90 million with adjusted EBITDA of approximately $21 million and manages over 250,000 parking spaces across the US, UK, Ireland, and Canada. The deal is anticipated to close in Q4 2026, subject to regulatory approvals, and is expected to be immediately accretive to margins and earnings while delivering more than $8 million in annual run-rate synergies by 2029. Nayax Ltd. operates as a global commerce enablement, payments, and loyalty platform.
On August 6, 2026, Nayax Ltd. filed an application with the Connecticut Department of Banking to establish Nayax America Bank Inc., a non-depository innovation bank headquartered in Fairfield County, Connecticut. The proposed bank would be wholly owned by Nayax USA Holdings Inc., a newly formed U.S. holding company. Proposed leadership includes Carly Furman as CEO, Sagit Manor as CFO, and Haim Pinto as CTO. The charter aims to enable embedded financial services such as corporate cards, merchant cash advances, and equipment financing for U.S. customers, leveraging Nayax's existing payments platform. This strategic move targets the U.S. market, which generates approximately 40% of global revenue. Concurrently, Nayax launched Yellow Account, a deposit service operated with Adyen as the sponsoring bank. The regulatory review process is expected to take six months, though approval is not guaranteed. Nayax Ltd. operates in the global commerce enablement and payments platform industry.
Nayax Ltd. provided an update regarding a suspected information security incident, confirming that technical remediation is complete and core systems remain free of unauthorized access. Investigation findings indicate exfiltrated data includes scanned document backups and payment transaction records, though sensitive authentication data like CVV values were not included. Digital wallet transactions involved single-use tokens, and customer safeguarded funds remain untouched. The Board of Directors declined criminal extortion demands. While remediation costs are ongoing, the company does not currently expect a material effect on its financial condition or results of operations. Nayax Ltd. provides automated payment solutions for various industries.
Nayax Ltd. detected unusual activity in a cloud account belonging to one of its subsidiaries. The account was immediately blocked and contained. The company is investigating the incident with law enforcement agencies in Israel and the United States. Management currently believes no material information was exposed, and core production systems remain unaffected with business operations continuing as normal. Nayax provides integrated payment and management solutions for unattended retail and vending machines.