# EDGAR Filing Document

**Accession Number:** 0001901279
**File Stem:** 0001178913-23-000466
**Filing Date:** 2023-2
**Character Count:** 15500
**Document Hash:** 776706ac3572f52a4512e070e3ffbf30
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001178913-23-000466.hdr.sgml**: 20230213

**ACCESSION NUMBER**: 0001178913-23-000466

**CONFORMED SUBMISSION TYPE**: SC 13G

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230213

**DATE AS OF CHANGE**: 20230213

**GROUP MEMBERS**: DAVID BEN-AVI

**GROUP MEMBERS**: YAIR NECHMAD

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Nayax Ltd.
- **CENTRAL INDEX KEY:** 0001901279
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-PREPACKAGED SOFTWARE [7372]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** L3
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13G
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-93952
- **FILM NUMBER:** 23614454

**BUSINESS ADDRESS:**
- **STREET 1:** 3 ARIK EINSTEIN ST., BUILDING B, 1 ST FL
- **CITY:** HERZLIYA
- **STATE:** L3
- **ZIP:** 4659071
- **BUSINESS PHONE:** 972 3 769 4380

**MAIL ADDRESS:**
- **STREET 1:** 3 ARIK EINSTEIN ST., BUILDING B, 1 ST FL
- **CITY:** HERZLIYA
- **STATE:** L3
- **ZIP:** 4659071
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Nechmad Amir Alimelech
- **CENTRAL INDEX KEY:** 0001963423

**FILING VALUES:**
- **FORM TYPE:** SC 13G

**MAIL ADDRESS:**
- **STREET 1:** 16 NISSIM ALONI ST.
- **CITY:** TEL AVIV
- **STATE:** L3
- **ZIP:** 6291937

#### <br>

#### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549

### SCHEDULE 13G

#### (Amendment No.)\*

### Nayax Ltd.

#### (Name of Issuer)
<u>Ordinary shares, par value NIS 0.001 per share</u>

#### (Title of Class of Securities)
<u>M7S750159</u>

#### (CUSIP Number)
<u>December 31, 2022</u>

#### (Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☐ Rule 13d-1(c)

☒ Rule 13d-1(d)

\*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the *Securities Exchange Act* of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

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| | | |
|:---|:---|:---|
| **CUSIP No. M7S750159** | **13G** | **Page 2 of 9 Pages** |

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| | | |
|:---|:---|:---|
| **1** | NAME OF REPORTING PERSONS<br> **Amir Nechmad** | NAME OF REPORTING PERSONS<br> **Amir Nechmad** |
| **2** | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See instructions)<br> &nbsp;&nbsp;&nbsp;&nbsp;(a) ☐<br> &nbsp;&nbsp;&nbsp;&nbsp;(b) ☐ | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See instructions)<br> &nbsp;&nbsp;&nbsp;&nbsp;(a) ☐<br> &nbsp;&nbsp;&nbsp;&nbsp;(b) ☐ |
| **3** | SEC USE ONLY | SEC USE ONLY |
| **4** | CITIZENSHIP OR PLACE OF ORGANIZATION<br>**Israel and Cyprus** | CITIZENSHIP OR PLACE OF ORGANIZATION<br>**Israel and Cyprus** |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON WITH | **5** | SOLE VOTING POWER<br>**8,691,921.6 (\*)** |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON WITH | **6** | SHARED VOTING POWER<br>-- |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON WITH | **7** | SOLE DISPOSITIVE POWER<br>**8,691,921.6 (\*)** |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON WITH | **8** | SHARED DISPOSITIVE POWER<br>-- |
| **9** | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>**8,691,921.6 (\*)** | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>**8,691,921.6 (\*)** |
| **10** | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See instructions)<br>☐ | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See instructions)<br>☐ |
| **11** | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9<br>**26.4%** (\*) | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9<br>**26.4%** (\*) |
| **12** | TYPE OF REPORTING PERSON (See instructions)<br>**IN** | TYPE OF REPORTING PERSON (See instructions)<br>**IN** |

---

(\*) The beneficial ownership of the securities reported herein is described in Item 4(a).

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| | | |
|:---|:---|:---|
| **CUSIP No. M7S750159** | **13G** | **Page 3 of 9 Pages** |

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| | | |
|:---|:---|:---|
| **1** | NAME OF REPORTING PERSONS<br> **Yair Nechmad** | NAME OF REPORTING PERSONS<br> **Yair Nechmad** |
| **2** | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See instructions)<br> &nbsp;&nbsp;&nbsp;&nbsp;(a) ☐<br> &nbsp;&nbsp;&nbsp;&nbsp;(b) ☐ | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See instructions)<br> &nbsp;&nbsp;&nbsp;&nbsp;(a) ☐<br> &nbsp;&nbsp;&nbsp;&nbsp;(b) ☐ |
| **3** | SEC USE ONLY | SEC USE ONLY |
| **4** | CITIZENSHIP OR PLACE OF ORGANIZATION<br>**Israel** | CITIZENSHIP OR PLACE OF ORGANIZATION<br>**Israel** |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON WITH | **5** | SOLE VOTING POWER<br>**8,967,316.4 (\*)** |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON WITH | **6** | SHARED VOTING POWER<br>-- |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON WITH | **7** | SOLE DISPOSITIVE POWER<br>**8,967,316.4 (\*)** |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON WITH | **8** | SHARED DISPOSITIVE POWER<br>-- |
| **9** | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>**8,967,316.4 (\*)** | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>**8,967,316.4 (\*)** |
| **10** | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See instructions)<br>☐ | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See instructions)<br>☐ |
| **11** | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9<br>27.1% (\*) | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9<br>27.1% (\*) |
| **12** | TYPE OF REPORTING PERSON (See instructions)<br>**IN** | TYPE OF REPORTING PERSON (See instructions)<br>**IN** |

---

(\*) The beneficial ownership of the securities reported herein is described in Item 4(a).

------

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| | | |
|:---|:---|:---|
| **CUSIP No. M7S750159** | **13G** | **Page 4 of 9 Pages** |

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| | | |
|:---|:---|:---|
| **1** | NAME OF REPORTING PERSONS<br> **David Ben-Avi** | NAME OF REPORTING PERSONS<br> **David Ben-Avi** |
| **2** | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See instructions)<br> &nbsp;&nbsp;&nbsp;&nbsp;(a) ☐<br> &nbsp;&nbsp;&nbsp;&nbsp;(b) ☐ | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See instructions)<br> &nbsp;&nbsp;&nbsp;&nbsp;(a) ☐<br> &nbsp;&nbsp;&nbsp;&nbsp;(b) ☐ |
| **3** | SEC USE ONLY | SEC USE ONLY |
| **4** | CITIZENSHIP OR PLACE OF ORGANIZATION<br>**Israel** | CITIZENSHIP OR PLACE OF ORGANIZATION<br>**Israel** |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON WITH | **5** | SOLE VOTING POWER<br>**7,869,591.6 (\*)** |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON WITH | **6** | SHARED VOTING POWER<br>-- |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON WITH | **7** | SOLE DISPOSITIVE POWER<br>**7,869,591.6 (\*)** |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON WITH | **8** | SHARED DISPOSITIVE POWER<br>-- |
| **9** | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>**7,869,591.6 (\*)** | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>**7,869,591.6 (\*)** |
| **10** | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See instructions)<br>☐ | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See instructions)<br>☐ |
| **11** | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9<br>23.8% (\*) | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9<br>23.8% (\*) |
| **12** | TYPE OF REPORTING PERSON (See instructions)<br>**IN** | TYPE OF REPORTING PERSON (See instructions)<br>**IN** |

---

(\*) The beneficial ownership of the securities reported herein is described in Item 4(a).

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| | |
|:---|:---|
| **Item 1.** (a) | <u>Name of Issuer</u>: |

---

Nayax Ltd.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b) <u>Address of Issuer's Principal Executive Offices</u>:

3 Arik Einstein Street, Bldg. B, 1<sup>st</sup> Floor, Herzeliya 4659071, Israel

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| | |
|:---|:---|
| **Item 2.** (a) | <u>Name of Person Filing</u>: |

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Each of the following is hereinafter individually referred to as a "Reporting Person" and collectively as the "Reporting Persons." This statement is filed on behalf of:

Amir Nechmad;

Yair Nechmad; and

David Ben-Avi.

<br> (b) <u>Address of Principal Business Office</u>:

Amir Nechmad – 27 Habarzel St., Tel-Aviv, Israel

Yair Nechmad – 3 Nisan Cohen St., Tel-Aviv, Israel

David Ben-Avi – 30 Levona St., Ramat-Hasharon, Israel

<br> (c) <u>Citizenship</u>:

Amir Nechmad – Israel and Cyprus

Yair Nechmad – Israel

David Ben-Avi – Israel

<br> (d) <u>Title of Class of Securities</u>:

Ordinary shares, par value NIS 0.001 per share (the "Ordinary Shares")

<br> (e) <u>CUSIP Number</u>:

M7S750159

---

| | |
|:---|:---|
| **Item 3**. | Not applicable. |

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| | |
|:---|:---|
| **Item 4**. | <u>Ownership</u>:<br>(a-c)  |

---

The ownership information presented below represents beneficial ownership of Ordinary Shares as of December 31, 2022.

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| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reporting Person** | **Amount**<br> **beneficially**<br> **owned** | **Percent**<br> **of class:** |  | **Sole power to vote or to direct the vote:** | **Shared power to vote or to direct the vote:** | **Shared power to vote or to direct the vote:** | **Sole power to dispose or to direct the disposition**<br> **of:** | **Shared**<br> **power to**<br> **dispose or**<br> **to direct**<br> **the**<br> **disposition**<br> **of:** | **Shared**<br> **power to**<br> **dispose or**<br> **to direct**<br> **the**<br> **disposition**<br> **of:** |
| Amir Nechmad | 8691921.6 | 26.4% | \*\* | 8691921.6 |  | -- | 8691921.6 |  | -- |
| Yair Nechmad | 8967316.4<br> \* | 27.1% | \*\*\* | 8967316.4<br> \* |  | -- | 8967316.4<br> \* |  | -- |
| David Ben-Avi | 7869591.6<br> \* | 23.8% | \*\*\* | 7869591.6<br> \* |  | -- | 7869591.6<br> \* |  | -- |

---

\* Includes options (the "Options") currently exercisable into 145,000 Ordinary Shares at an exercise price of NIS 105 each.

\*\* Percentage is calculated based upon 32,956,004 Ordinary Shares outstanding as of December 31, 2022, as reported to the Reporting Persons by the Issuer.

\*\*\* Percentage is calculated based upon 32,956,004 Ordinary Shares outstanding as of December 31, 2022, as reported to the Reporting Persons by the Issuer, and assumes the exercise of the Options held by such Reporting Person, but Ordinary Shares underlying options, warrants and convertible securities held by other shareholders, including other Reporting Persons, are disregarded for purposes of this calculation.

Amir Nechmad is the record holder of 8,691,921.6 Ordinary Shares. Either Yair Nechmad or Yair Nechmad Ltd., a company wholly owned by Yair Nechmad, is the record holder of 8,822,316.4 Ordinary Shares. David Ben-Avi is the record holder of 7,724,591.6 Ordinary Shares.

The Reporting Persons have entered into a Shareholders Rights Agreement, dated March 9, 2021 (the "Shareholders' Agreement"), pursuant to which the Reporting Persons have agreed to vote their Ordinary Shares in the manner prescribed by the Shareholders' Agreement with regard to the election of certain directors of the Issuerand to reach a consensus on how to vote their Ordinary Shares at the general meeting of shareholders of the Issuer. Pursuant to the Shareholders' Agreement, the Reporting Persons also have agreed to certain limitations on the sale or transfer of their Ordinary Shares. By virtue of the Shareholders' Agreement, each Reporting Person may be deemed to beneficially own the Ordinary Shares of the other Reporting Persons; however, each Reporting Person disclaims beneficial ownership of the Ordinary Shares, including any Ordinary Shares underlying options, warrants and convertible securities, of any other Reporting Person.

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| | |
|:---|:---|
| **Item 5**. | <u>Ownership of Five Percent or Less of a Class</u>: |

---

Not applicable.

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| | |
|:---|:---|
| **Item 6**. | <u>Ownership of More than Five Percent on Behalf of Another</u>: |

---

Not applicable.

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| | |
|:---|:---|
| **Item 7**. | <u>Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person</u>: |

---

Not applicable.

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| | |
|:---|:---|
| **Item 8**. | <u>Identification and Classification of Members of the Group</u>: |

---

Not applicable.

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| | |
|:---|:---|
| **Item 9**. | <u>Notice of Dissolution of Group</u>: |

---

Not applicable.

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**Item 10.** <u>Certification</u>:<br>

Not applicable.

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**SIGNATURE**

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: February 12, 2023

**Amir Nechmad<br>  <br><u>/s/ Amir Nechmad</u><br>** <br>**Yair Nechmad<br> <br><u>/s/ Yair Nechmad</u><br>David Ben-Avi<br> <br><u>/s/ David Ben-Avi</u>**<br>

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#### LIST OF EXHIBITS

#### <br>
<u>Exhibit No.</u><br> <u>Description</u> <br>[1](exhibit_1.htm) [Joint Filing Agreement](exhibit_1.htm)

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## Ex-99

#### Exhibit 1
<u>Joint Filing Agreement</u>

Pursuant to Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree that only one statement containing the information required by Schedule 13G need be filed with respect to the ownership by each of the undersigned of shares of Nayax Ltd.; each of them is responsible for the timely filing of such Schedule 13G and any amendments thereto, and for the completeness and accuracy of the information concerning such person contained therein; but none of them is responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate. In accordance with Rule 13d-1(k)(1), the undersigned hereby agree to the joint filing with each other on behalf of each of them of such a statement on Schedule 13G and any amendments thereto with respect to the equity securities (as defined in Rule 13d-1(i)) of the Issuer, beneficially owned by each of them. This Joint Filing Agreement shall be included as an exhibit to such Schedule 13G and any amendments thereto.

This agreement may be executed in any number of counterparts, each of which shall be deemed an original.

Date: February 12, 2023

**Amir Nechmad<br>  <br><u>/s/ Amir Nechmad</u><br>** <br>**Yair Nechmad<br><u>/s/ Yair Nechmad</u><br>  <br>David Ben-Avi<br>  <br><u>/s/ David Ben-Avi</u><br>** <br>

------