Nexxen Completes Stock Exchange and Trading Structure Changes

NEW YORK, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Nexxen International Ltd. (NASDAQ: NEXN) (“Nexxen” or the “Company”), a global, flexible advertising technology platform with deep expertise in data and advanced TV, today announces it has completed its previously announced stock exchange and trading structure changes, streamlining to a full and sole U.S. Ordinary Share listing on The Nasdaq Stock Market effective today.

On Friday, February 14, 2025, the Company successfully executed a reverse split of its Ordinary Shares such that every two Ordinary Shares held at the time of the reverse split consolidated into one New Ordinary Share to facilitate a one-to-one ADR exchange. Thereafter, the Company exchanged its Nasdaq-listed ADRs for Nasdaq-listed New Ordinary Shares and terminated its ADR facility.

On Monday, February 17, 2025, the Company’s AIM-listed Depository Interests representing the Company’s Ordinary Shares were cancelled from admission to trading on AIM.

Effective this morning (Tuesday, February, 18, 2025) Nexxen’s New Ordinary Shares began trading on Nasdaq under the stock ticker “NEXN” (ISIN: IL0012165630 and CUSIP: M8T80P204).

Shareholders who desire to sell their New Ordinary Shares on Nasdaq should work with their broker to transact the sale.

Nexxen’s $50 million Ordinary Share repurchase program will continue on Nasdaq following the Company’s delisting from AIM and is currently expected to continue until May 19, 2025, or completion.

“We believe our evolved trading structure will strengthen our ability to attract U.S. investors, drive greater trading volume, enable a more direct comparison to the Company’s peers, improve our screening on financial data platforms and make Nexxen’s shares eligible for inclusion in select indices,” said Ofer Druker, Chief Executive Officer of Nexxen. “We believe these changes will benefit Nexxen and its shareholders tremendously over the long-term and we are excited to increase our presence and recognition within the U.S. market.”

About Nexxen

Nexxen empowers advertisers, agencies, publishers and broadcasters around the world to utilize data and advanced TV in the ways that are most meaningful to them. Our flexible and unified technology stack comprises a demand-side platform (“DSP”) and supply-side platform (“SSP”), with the Nexxen Data Platform at its core. With streaming in our DNA, Nexxen’s robust capabilities span discovery, planning, activation, monetization, measurement and optimization – available individually or in combination – all designed to enable our partners to achieve their goals, no matter how far-reaching or hyper niche they may be.