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[8-K] Lesaka Technologies, Inc. Reports Material Event

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false 2025-06-26 0001041514 Lesaka Technologies, Inc. 0001041514 2025-06-26 2025-06-26

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 26, 2025

LESAKA TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)

Florida 000-31203 98-0171860
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)

President Place, 4th Floor, Cnr.
Jan Smuts Avenue and Bolton Road
Rosebank, Johannesburg, South Africa
(Address of principal executive offices) (ZIP Code)

Registrant’s telephone number, including area code: 011-27-11-343-2000

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class   Trading Symbols   Name of each exchange on which registered
Common Shares   LSAK   NASDAQ Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b -2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐


Item 8.01. Other Events.

On June 26, 2025, Lesaka Technologies, Inc. ("Lesaka"), through its wholly owned subsidiary Net 1 Applied Technologies B.V., Netherlands, completed the sale of its entire equity interest in One Mobikwik Systems Limited ("Mobikwik") on the Indian Stock Exchange, generating net cash proceeds of approximately ZAR 290 million ($16.3 million using prevailing exchange rates of $1: ZAR 17.75).

As previously disclosed in Lesaka's quarterly investment updates, the contractual lock-up period related to the Mobikwik investment expired on June 18, 2025. Given that Mobikwik was deemed a non-core asset, the Company's strategic intention was to monetize its investment following the expiry of the lock-up.

The net cash proceeds from the transaction will be applied toward general corporate purposes, including strengthening the Company's balance sheet and reducing consolidated group debt.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

  LESAKA TECHNOLOGIES, INC.
     
Date: June 30, 2025 By: /s/ Dan L. Smith
  Name: Dan L. Smith
  Title: Group Chief Financial Officer


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