Nexxen Announces New $20 Million Share Repurchase Program

Nexxen International Ltd. is seeking authorization for a new $20 million Ordinary Share repurchase program. The company has a strong cash position and plans to continue investing in growth, product innovation, and strategic opportunities. The new program will commence after the completion of its current program and is intended to capitalize on a discounted valuation. It may be suspended, modified, or discontinued at any time, subject to applicable law and outside of blackout periods.

Nexxen International Ltd. (NASDAQ: NEXN), a global advertising technology platform, has announced its intention to seek authorization for a new $20 million Ordinary Share repurchase program. This initiative follows the completion of the company's current repurchase program, which has $7.2 million remaining as of July 31, 2025 [1].

The new program is designed to capitalize on what Nexxen believes is a compelling opportunity to acquire its Ordinary Shares at a discounted valuation, reflecting confidence in its long-term prospects. The company's strong cash position, supported by its profitable and cash-generative model, enables this strategic move [1].

In parallel with the new repurchase program, Nexxen plans to invest an additional $35 million in VIDAA, increasing its equity stake to approximately 6%. This investment will support VIDAA’s North American CTV expansion and is expected to enhance the long-term value of Nexxen’s exclusive data, advertising monetization rights, and overall investment [1].

The company also plans to continue investing in the expansion of its commercial and media teams and in product innovation, aimed at both accelerating future growth and reinforcing its global market position. Additionally, Nexxen is exploring targeted strategic opportunities to expand its monetizable data assets, enhance its AI capabilities, and enter new high-growth markets [1].

The new repurchase program requires a 30-day creditor objection period and bank lender approval as per Israeli regulations. The program can be modified or suspended at any time, with repurchased shares being reclassified as dormant shares under Israeli law [1].

Nexxen’s ability to pursue both share repurchases and strategic investments simultaneously stems from its self-described "profitable and cash-generative model," providing the financial flexibility for these initiatives while still investing in commercial teams, media teams, and product innovation. The explicit mention of future strategic acquisition opportunities signals a disciplined approach to inorganic growth rather than large, potentially dilutive transactions [1].

Assuming no creditor objections within the 30-day period and receipt of the required lender approvals, Nexxen would be permitted to initiate the new repurchase program. The new repurchase program would not require the company to repurchase a specific number of Ordinary Shares, and it may be suspended, modified, or discontinued at any time, subject to applicable law and outside of blackout periods [1].

The company will provide an update upon the commencement of the new repurchase program (pending receipt of necessary approvals), or if there are any delays due to creditor objections or lack of lender consent.

References:

[1] https://www.stocktitan.net/news/NEXN/nexxen-seeks-authorization-for-new-20-million-ordinary-share-uppbr5ivf76p.html