Mithaq Capital Amends Nexxen Ownership Filing

TL;DR

Mithaq Capital updated their Nexxen stake filing. Keep an eye on this one.

AI Summary

Mithaq Capital SPC, along with Muhammad Asif Seemab and Turki Saleh A. Alrajhi, have amended their Schedule 13D filing for Nexxen International Ltd. as of October 17, 2024. This filing indicates a change in beneficial ownership, though specific new holdings or dollar amounts are not detailed in this excerpt. The filing relates to Nexxen International Ltd., formerly known as Tremor International Ltd., incorporated in L3.

Why It Matters

Changes in beneficial ownership filings like this can signal shifts in major shareholder intentions, potentially impacting stock price and corporate strategy.

Risk Assessment

Risk Level: medium — Schedule 13D filings often precede significant corporate actions or shifts in control, introducing potential volatility.

Key Players & Entities

• Mithaq Capital SPC (company) — Filing entity
• Muhammad Asif Seemab (person) — Group member
• Turki Saleh A. Alrajhi (person) — Group member
• Nexxen International Ltd. (company) — Subject company
• Tremor International Ltd. (company) — Former company name
• Fred P. Boy, Esq. (person) — Legal representative
• Lehman & Eilen LLP (company) — Legal firm

FAQ

Filing Documents

• formsc13da-10172024_031001.htm (SC 13D/A) — 58KB
• 0001415889-24-025277.txt ( ) — 60KB

Security and Issuer

Item 1. Security and Issuer This Amendment No. 4 amends the Schedule 13D filed on June 30, 2021 (the "Original Schedule 13D") and the following amendments: No. 1 filed on September 9, 2021; No. 2 filed on July 25, 2022; and No. 3 filed on February 15, 2024. This statement of beneficial ownership on Schedule 13D relates to the Ordinary Shares of Nexxen International Ltd. (the "Issuer"), located at 82 Yigal Alon Street, Tel Aviv, Israel 6789124. Unless specifically amended hereby, the disclosures and statements set forth in the Original Schedule 13D and Amendment Nos. 1, 2 and 3 remain unchanged. Capitalized terms used but not otherwise defined herein have the meanings given to them in the Original Schedule 13D. Since the filing of Amendment No. 3, the Reporting Persons sold 500,000 ADRs (which represents ownership of 1,000,000 Ordinary Shares). During the same period, the Issuer repurchased Ordinary Shares so that the number of outstanding Ordinary Shares, reported on October 17, 2024, was 134,066,344. Through the Issuer's buy back of its shares, the Reporting Persons' percentage ownership of the Ordinary Shares has increased by approximately 0.8%.

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer. (a) The information contained on the cover pages to this Schedule 13D is incorporated herein by reference. The percentages referred to on the cover pages are based on 134,066,344 Ordinary Shares outstanding as reported in the Issuer's press release dated October 17, 2024. (b) The information contained on the cover pages to this Schedule 13D is incorporated herein by reference. (c) There were no transactions during the past 60 days. (d) See Original Schedule 13D (e) Not applicable.

Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer Mithaq Capital SPC is managed by its Board of Directors, which consists of Turki Saleh A. AlRajhi and Muhammad Asif Seemab, and the Board has exclusive authority concerning purchases, dispositions and voting of Shares reported on this Schedule 13D. Each of Mr. AlRajhi and Mr. Seemab possesses an ownership interest in Mithaq Capital SPC, and Mr. Seemab may share in any profits realized from Mithaq Capital SPC's investment in the shares.

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: October 17, 2024 Mithaq Capital SPC By: /s/ Turki Saleh A. AlRajhi Name: Turki Saleh A. AlRajhi Title: Director Date: October 17, 2024 Mithaq Capital SPC By: /s/ Muhammad Asif Seemab Name: Muhammad Asif Seemab Title: Director Date: October 17, 2024 By: /s/ Turki Saleh A. AlRajhi Name: Turki Saleh A. AlRajhi Date: October 17, 2024 By: /s/ Muhammad Asif Seemab Name: Muhammad Asif Seemab

View Full Filing

View this SC 13D/A filing on SEC EDGAR