Nexxen Completes Stock Exchange Restructuring
Deal News | Feb 27, 2025 | Pillsbury Winthrop Shaw Pittman LLP
Nexxen International Ltd. has successfully navigated a significant transition in its trading structure. Following a reverse split consolidating every two shares into one New Ordinary Share, Nexxen facilitated a one-to-one exchange of American Depository Receipts (ADRs). The company concluded this strategic realignment by exchanging its Nasdaq-listed ADRs for Ordinary Shares, ending its ADR facility, and delisting its Depository Interests from the UK-based Alternative Investment Market (AIM). Subsequently, effective February 18, 2025, Nexxen's Ordinary Shares began trading on Nasdaq under the ticker 'NEXN.' Pillsbury Winthrop Shaw Pittman LLP, under the leadership of Corporate partners Jim Masetti, Christina Pearson, and James Campbell, was instrumental in advising Nexxen through this process, supported by associates Kate Chan and Alyssa Jatnieks, alongside Tax consultant Amanda Solomon.
Sectors
- Financial Services
- Legal Advisory
Geography
- United States – Nexxen's transition involved trading on Nasdaq, a major American stock exchange.
- United Kingdom – Nexxen delisted its Depository Interests from AIM, a London-based stock exchange market.
Industry
- Financial Services – The article discusses stock exchange listing changes, a key service in the financial industry regarding trading and stock issuance.
- Legal Advisory – Pillsbury Winthrop Shaw Pittman LLP provided legal advisory services to Nexxen, highlighting the law firm's industry role in corporate structuring and compliance.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Nexxen International Ltd. | Target Company | Company | A company that has restructured its stock exchange and trading structure to focus on Nasdaq. |
| Pillsbury Winthrop Shaw Pittman LLP | Legal Advisor | Company | A law firm that guided Nexxen through its stock exchange and trading structure changes. |
| Jim Masetti | Corporate Partner | Person | A Pillsbury corporate partner involved in leading the advisory team for Nexxen. |
| Christina Pearson | Corporate Partner | Person | A Pillsbury corporate partner involved in leading the advisory team for Nexxen. |
| James Campbell | Corporate Partner | Person | A Pillsbury corporate partner involved in leading the advisory team for Nexxen. |
| Kate Chan | Associate | Person | An associate at Pillsbury involved in the advisory process for Nexxen. |
| Alyssa Jatnieks | Associate | Person | An associate at Pillsbury involved in the advisory process for Nexxen. |
| Amanda Solomon | Tax Consultant | Person | A tax consultant at Pillsbury involved in the advisory process for Nexxen. |