Monitor shareholder vote outcome on May 19; approval is likely given board recommendations. The new CEO/CTO option grants with high price targets signal management confidence but are long-term oriented. No immediate trading catalyst.
Price Chart
Executive Summary
Nayax filed a supplemental proxy statement for its May 19, 2026 annual meeting, revising proposals on director elections, compensation policy, CEO/chairman role, and new option grants for the CEO and CTO. The revised option grants tie vesting to aggressive share price targets ($120-$240), and the company highlights strong financial growth (28% revenue growth in 2025, gross margin 48.2%). The filing is routine governance with no new financial disclosures.
Key Facts
- Revenue grew 28% between 2024 and 2025, from $174M in 2022 to $400M in 2025.
- Gross margin improved from 34.6% in 2022 to 48.2% in 2025.
- Adjusted EBITDA turned from -$12.7M in 2022 to positive $61.1M in 2025.
- CEO and CTO each proposed 810,086 options with exercise price $70.22, vesting over 3 years subject to share price reaching $120-$240.
- Proposal 4 seeks approval for combined CEO/Chairman role for 6 months, after which the company expects to elect a separate chairman.
- Proposal 11 was withdrawn entirely.
Financial Impact
No new financial guidance; compensation changes have immaterial impact on financials.
Risk Factors
- Shareholder disapproval of revised proposals, though unlikely given board backing.
- Potential dilution from new option grants (approx. 2.16% of outstanding each for CEO and CTO).
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001178913-26-002535 |
| Document: zk2635278.htm | 0001178913-26-002535 |
| Document: 0001178913-26-002535-index-headers.html | 0001178913-26-002535 |
| Document: 0001178913-26-002535-index.html | 0001178913-26-002535 |
| Document: 0001178913-26-002535.txt | 0001178913-26-002535 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 6, 2026 21d ago | Press Release | $48.30 $46.61 | ▼ −3.49% | ▼ −3.25% | $51.92 (+7.51%) |
Oct 2, 2026 25d ago | Insider Cluster | $49.00 $49.77 | ▲ +1.57% | ▲ +0.90% | $51.92 (+5.96%) |
Oct 1, 2026 26d ago | 6-K | $49.00 $49.77 | ▲ +1.57% | ▲ +0.90% | $51.92 (+5.96%) |
Oct 1, 2026 26d ago | Press Release | $49.00 $49.77 | ▲ +1.57% | ▲ +0.90% | $51.92 (+5.96%) |
Sep 30, 2026 27d ago | Insider Cluster | $47.71 $48.25 | ▲ +1.13% | ▲ +0.95% | $51.92 (+8.82%) |
Sep 29, 2026 28d ago | Insider Cluster | $44.57 $47.71 | ▲ +7.05% | ▲ +7.25% | $51.92 (+16.49%) |
Sep 29, 2026 28d ago | Insider Cluster | $44.57 $47.71 | ▲ +7.05% | ▲ +7.25% | $51.92 (+16.49%) |
Sep 24, 2026 4w ago | Insider Cluster | $44.75 $45.03 | ▲ +0.63% | ▲ +0.08% | $51.92 (+16.02%) |
Sep 24, 2026 4w ago | Insider Cluster | $44.75 $45.03 | ▲ +0.63% | ▲ +0.08% | $51.92 (+16.02%) |
Sep 22, 2026 5w ago | Insider Cluster | $43.33 $42.63 | ▼ −1.62% | ▼ −0.90% | $51.92 (+19.82%) |
US Market Status
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