Mithaq Capital's 30.3% Stake in Nexxen Rises 1.48% After Buyback

Rhea-AI Filing Summary

Nexxen International Ltd. Schedule 13D Amendment No. 7 reports that Mithaq Capital SPC (managed by Turki Saleh A. AlRajhi and Muhammad Asif Seemab) beneficially owns 17,458,711 Ordinary Shares, representing 30.3% of the outstanding class based on the issuer's press release reporting 57,657,924 shares outstanding. The filing states the issuer repurchased shares, which increased the reporting persons' ownership percentage by 1.48% without any purchases or dispositions by the reporting persons since Amendment No. 6.

The reporting structure shows Mithaq Capital SPC holds sole voting and dispositive power over the reported shares, while Mr. AlRajhi and Mr. Seemab share voting and dispositive power and may share in profits from the investment.

Insights

Financial Analyst

TL;DR: A concentrated 30.3% stake by Mithaq Capital SPC increased by 1.48% due to issuer buybacks; no new purchases or sales reported.

The filing documents a substantial, long-standing stake of 17,458,711 shares (30.3%) in Nexxen, with the percentage rising solely because the issuer repurchased shares and reduced the share count to 57,657,924. The absence of transactions since the prior amendment suggests the reporting persons maintained a steady position rather than actively trading. For investors, this is material ownership information showing concentrated influence over voting and disposition through Mithaq Capital SPC's board control.

Corporate Governance Expert

TL;DR: Reporting persons control voting/dispositive power via Mithaq Capital SPC, implying significant governance influence at a >30% ownership level.

The disclosure states that Mithaq Capital SPC's Board (Turki AlRajhi and Muhammad Seemab) has exclusive authority over purchases, dispositions and voting of the reported shares, and both individuals share in the economic benefits. Holding over 30% typically confers meaningful governance leverage; the filing also confirms no recent transactions and references prior filings and amendments, preserving continuity of disclosures.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 7)

Nexxen International Ltd.

(Name of Issuer)

Ordinary Shares

(Title of Class of Securities)

M8T80P204

(CUSIP Number)

Fred P. Boy, Esq.
Lehman & Eilen LLP, 50 Charles Lindbergh Boulevard
Uniondale, NY, 11553
(516) 222-0888

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

08/31/2025

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on 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).

SCHEDULE 13D

CUSIP No. M8T80P204

1

Name of reporting person

Mithaq Capital SPC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 17,458,711.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 17,458,711.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

17,458,711.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

30.3 %

14

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13D

CUSIP No. M8T80P204

1

Name of reporting person

Turki Saleh A. Alrajhi

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

SAUDI ARABIA

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 17,458,711.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 17,458,711.00

11

Aggregate amount beneficially owned by each reporting person

17,458,711.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

30.3 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

CUSIP No. M8T80P204

1

Name of reporting person

Muhammad Asif Seemab

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

PAKISTAN

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 17,458,711.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 17,458,711.00

11

Aggregate amount beneficially owned by each reporting person

17,458,711.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

30.3 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Ordinary Shares
(b)	Name of Issuer: Nexxen International Ltd.
(c)	Address of Issuer's Principal Executive Offices: 82 Yigal Alon Street, Tel Aviv, ISRAEL , 6789124.
Item 1 Comment: This Amendment No. 7 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; No. 3 filed on February 15, 2024; No. 4 filed on October 17, 2024; No. 5 filed on January 30, 2025; and No. 6 filed on May 2, 2025. 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, 3, 4, 5 and 6 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. 6, the Issuer repurchased Ordinary Shares so that the number of outstanding Ordinary Shares reported by Issuer in a Press Release dated September 2, 2025 was 57,657,924. Through the Issuer's buy back of its shares, the Reporting Persons' percentage ownership of the Ordinary Shares has increased by 1.48%. The Reporting Persons have not acquired or disposed of any Ordinary Shares or ADSs since the filing of Amendment No. 6.
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 57,657,924 Ordinary Shares outstanding as reported in the Issuer's press release dated September 2, 2025
(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.
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.

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.

Mithaq Capital SPC

Signature:	Turki Saleh A. AlRajhi
Name/Title:	Turki Saleh A. AlRajhi
Date:	09/05/2025

Signature:	Muhammad Asif Seemab
Name/Title:	Muhammad Asif Seemab
Date:	09/05/2025

Turki Saleh A. Alrajhi

Signature:	Turki Saleh A. AlRajhi
Name/Title:	Turki Saleh A. AlRajhi
Date:	09/05/2025

Muhammad Asif Seemab

Signature:	Muhammad Asif Seemab
Name/Title:	Muhammad Asif Seemab
Date:	09/05/2025

FAQ

How many Nexxen (NEXN) shares do the reporting persons beneficially own?

The reporting persons beneficially own 17,458,711 Ordinary Shares, representing 30.3% of Nexxen's outstanding shares based on 57,657,924 shares.

Why did the reporting persons' ownership percentage change in this amendment?

The ownership percentage increased by 1.48% because Nexxen repurchased Ordinary Shares, reducing the total outstanding shares to 57,657,924.

Have the reporting persons bought or sold any Nexxen shares recently?

No. The filing states the reporting persons have not acquired or disposed of any Ordinary Shares or ADSs since Amendment No. 6 and there were no transactions in the past 60 days.

Who controls voting and disposition of the reported shares?

Mithaq Capital SPC's Board of Directors — consisting of Turki Saleh A. AlRajhi and Muhammad Asif Seemab — has exclusive authority over purchases, dispositions and voting of the reported shares.

What is the source of funds used for the reported position?

The filing lists the source of funds as WC (working capital) for the reporting persons.