Nayax Acquires Lynkwell for $25.9 Million
Nayax announced the acquisition of Lynkwell, an AI-enabled EV Charging platform. The acquisition reinforces Nayax's strategy to deliver a comprehensive platform that unites payment acceptance with advanced operational management software across the verticals it serves. In EV charging, Nayax has expanded through partnerships that embed its payment technology into a range of EV charging equipment, and Lynkwell extends that strategy with a powerful, purpose-built AI enabled management software platform which has already been evaluated and approved by hundreds of utilities, funding programs, and state and government procurement contracts. The acquisition enables Nayax partners to access Lynkwell's full suite of products and services designed to help deploy and operate charging infrastructure across public use cases including retail, multi-family, workplace, fleet, and government settings. In addition to its strong public charging presence, Lynkwell also serves as the platform of choice for hundreds of fleets, including two of the largest fleets in North America. The platform delivers a solution to maximize both the financial and operational benefits of infrastructure investments for Nayax's customers. Deploying Nayax's flexible financing solutions combined with Lynkwell's deep industry expertise will provide customers with the capital resources needed to accelerate deployment and maximize their growth potential which will in turn support Nayax's continued growth in the market. Highlights: Unanimous board approval from both Nayax and Lynkwell. Implied effective purchase price of $25.9M in cash at closing for 100% of the business, with an additional earnout based on certain profitability metrics within the first 12 months post-closing. Lynkwell's financial performance includes audited 2024 revenues of $17.1M and substantial year-over-year growth. Nayax has funded the transaction with cash on hand. Synergies are expected from the integration of Lynkwell into Nayax's ecosystem, enhancing both revenue and operational efficiency. Transaction is a simultaneous sign-and-close.
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- Significant Financing: Nayax completed an offering of 518,381 units in Israel, raising NIS 565.6 million (approximately $176 million) with a 13.98% oversubscription rate, reflecting strong market confidence in its growth potential.
- Clear Use of Proceeds: The net proceeds of approximately NIS 558.4 million (about $173.1 million) will be allocated for general corporate purposes, including potential acquisitions, aimed at enhancing market competitiveness through business expansion.
- Stable Bond Terms: The issued notes carry a fixed annual interest rate of 5.9% and mature on September 30, 2030, with adjustments based on the company's financial health, providing flexible financial management and reducing financing risks.
- Attractive Warrants: Each warrant has an exercise price of NIS 177.80, currently priced at NIS 158.16, representing a 22% premium over market price, which is likely to attract investor interest and potentially boost the company's stock performance.
- Financing Scale: Nayax successfully completed an offering in Israel totaling NIS 565.6 million (approximately $176 million), which was oversubscribed by 13.98%, reflecting strong market confidence in its future growth prospects.
- Securities Structure: The offering consisted of Series A Notes and three Warrants per unit priced at NIS 1,000 each, enhancing the company's capital structure and providing funding for potential acquisitions.
- Interest Rate and Repayment: The Notes carry a fixed annual interest rate of 5.9% and will mature in 2030, with a repayment plan divided into four installments, ensuring financial flexibility and long-term stability for the company.
- Strategic Use: The net proceeds of approximately NIS 558.4 million will be utilized for general corporate purposes, including potential acquisitions, further solidifying Nayax's competitive position in the global market.
- Significant Financing: Nayax successfully completed a financing round in Israel, with commitments from qualified investors to purchase 658,611 units totaling NIS 721 million, reflecting strong market confidence in the company's future growth.
- Clear Use of Proceeds: The net proceeds from this offering are expected to be approximately NIS 560 million (about $174 million), which will be allocated for general corporate purposes, including potential acquisitions, aimed at enhancing the company's market competitiveness and expansion capabilities.
- Attractive Note Terms: The expanded notes carry a fixed annual interest rate of 5.9% and mature on September 30, 2030, with provisions for upward adjustments if the company's financial metrics fall below certain thresholds, ensuring investor protection.
- Positive Market Reaction: The offering is expected to close around December 10, 2025, and despite the need for regulatory approvals, the market remains optimistic about Nayax's prospects, indicating investor recognition of its business model.
- Significant Financing: Nayax successfully completed a financing round for qualified investors, with commitments to purchase 658,611 units, totaling NIS 721 million (approximately $175 million), which will provide robust funding for the company's future growth initiatives.
- Clear Use of Proceeds: The net proceeds from this offering are expected to be approximately NIS 560 million (around $174 million), intended for general corporate purposes including potential acquisitions, demonstrating the company's commitment to expanding its operations.
- Stable Note Terms: The expanded notes carry a fixed annual interest rate of 5.9% and mature on September 30, 2030, with provisions for rate increases if financial metrics fall below certain thresholds, ensuring investor protection and the company's financial health.
- Attractive Warrants: Each warrant has an exercise price of NIS 177.80, currently priced at NIS 158.01, representing a 6.4% premium over the market price, which enhances investor participation and potential returns for shareholders.
- Funding Initiative: Nayax is considering an expansion of its existing Series A Notes and Series 1 Warrants offering, with a public tender scheduled for December 8, 2025, aimed at raising capital for potential acquisitions and general corporate purposes.
- Investor Incentives: The tender will offer Israeli qualified investors an early commitment fee of 0.40% based on the minimum unit price, which is designed to attract more participants and strengthen the company's capital base.
- Regulatory Compliance: The offering requires approval from the company's Board of Directors and the publication of a shelf offering report detailing the amount and terms, ensuring adherence to Israeli securities regulations.
- Market Context: With approximately 1,200 employees and 12 global offices, Nayax remains committed to enhancing operational efficiency and market competitiveness despite uncertainties such as the ongoing conflict in Israel, which could impact investor sentiment and market conditions.
- Financing Plan: Nayax is considering an expansion of its existing Series A Notes and Series 1 Warrants for a public offering, set to tender to Israeli qualified investors on December 8, 2025, aimed at raising funds for potential acquisitions to bolster its growth strategy.
- Investor Incentives: The tender will offer an early commitment fee of 0.40% to Israeli qualified investors, which is expected to attract more participation and enhance the company's capital base to support future growth initiatives.
- Market Risks: Although the company plans this financing, there is no assurance of its completion, and the specific terms and timing are subject to Board approval, indicating that uncertainties in the market environment could impact the success of the offering.
- Strategic Implications: This financing initiative aligns with Nayax's overall growth strategy, aiming to enhance liquidity to support its expansion in the global payments and loyalty platform, particularly in increasing market share within the unattended retail sector.








