Liquidation: Nexxen International Ltd.

Form Type: 20-F

Filing Date: 2025-03-05

Corporate Action: Liquidation

Type: Update

Accession Number: 000117891325000697

Filing Summary: Nexxen International Ltd. has disclosed significant financial details regarding its subsidiaries, noting that fifteen subsidiaries are either inactive or in the process of liquidation. There are indications that certain subsidiaries have merged into other fully-owned subsidiaries of the company. The document reports on the financial implications of these actions, particularly with respect to payments due, which total USD 739 thousand as of December 31, 2024, a decrease from USD 2,030 thousand in 2023. The report further addresses notable changes to the company's trading structure, including a Reverse Split effective from February 14, 2025. The company also confirms its compliance with reporting standards under the Securities Exchange Act of 1934 and provides details about its registered securities on the Nasdaq Stock Market.

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