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eToro Group Ltd. — Capital/Financing Update 2025
May 13, 2025
31260_rns_2025-05-13_2d55721e-e83f-4e6b-b6b5-47985f26f71b.zip
Capital/Financing Update
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F-1MEF 1 ea0241852-f1mef_etoro.htm REGISTRATION STATEMENT
As filed with the U.S. Securities and Exchange Commission on May 13, 2025.
Registration No. 333-286050
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
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FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
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ETORO GROUP LTD. (Exact name of Registrant as specified in its charter)
Not Applicable (Translation of Registrant’s name into English)
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| British Virgin Islands | 6211 | Not Applicable |
|---|---|---|
| (State or other jurisdiction of incorporation or organization) | (Primary Standard Industrial Classification Code Number) | (I.R.S. Employer Identification Number) |
30 Sheshet Hayamim St., Bnei Brak, Israel 5120261 +972 73-265-6600 (Address, including zip code, and telephone number, including area code, of Registrant’s principal executive offices)
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Yoni Assia eToro USA LLC 221 River St 9 th floor, Hoboken, NJ 07030 +1 201-479-0267 (Name, address, including zip code, and telephone number, including area code, of agent for service)
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Copies to:
David J. Goldschmidt Skadden, Arps, Slate, Meagher & Flom LLP One Manhattan West New York, NY 10001 Tel: (212) 735-3000 Dan Shamgar Jonathan Irom Matthew Rudolph Meitar | Law Offices 16 Abba Hillel Silver Rd. Ramat Gan 5250608, Israel Tel: 972-3-610-3100 Marc D. Jaffe Joshua G. Kiernan Gilad Zohari Michael J. Rosenberg Latham & Watkins LLP 1271 Avenue of the Americas New York, NY 10020 Tel: (212) 906-1200
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Approximate date of commencement of proposed sale to the public: As soon as practicable after the effective date of this Registration Statement.
If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the following box. ☐
If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☒ 333-286050
If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐
If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933.
Emerging growth company ☐
If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, 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 7(a)(2)(B) of the Securities Act. ☐
This registration statement shall become effective upon filing with the Securities and Exchange Commission in accordance with Rule 462(b) promulgated under the Securities Act.
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† The term “new or revised financial accounting standards” refers to any update issued by the Financial Accounting Standards Board to its Accounting Standard Codification after April 5, 2012.
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EXPLANATORY NOTE
eToro Group Ltd. is filing this registration statement with the U.S. Securities and Exchange Commission (the “Commission”) pursuant to Rule 462(b) (“Rule 462(b)”) under the U.S. Securities Act of 1933, as amended. This registration statement relates to the registrant’s prior registration statement on Form F-1 (File No. 333-286050), which was declared effective by the Commission on May 13, 2025, (the “Prior Registration Statement”).
The registrant is filing this Registration Statement for the sole purpose of registering the sale of an additional 2,211,470 Class A common shares of the registrant, which includes 288,452 Class A common shares that may be sold as part of the underwriters’ option to purchase additional Class A common shares. The additional Class A common shares that are being registered for sale are in an amount and at a price that together represents no more than 20% of the maximum aggregate offering price set forth in the Calculation of Registration Fee table contained in the Prior Registration Statement. The information set forth in the Prior Registration Statement, and all exhibits to the Prior Registration Statement, are hereby incorporated by reference into this Registration Statement.
The required opinion and consents are listed in Part II, Item 8 of this registration statement and filed herewith.
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EXHIBIT INDEX
| Exhibit Number | Description |
|---|---|
| 5.1 | Opinion of Appleby (BVI) Limited regarding the validity of the Class A common shares being registered |
| 23.1 | Consent of Kost Forer Gabbay & Kasierer, a Member of EY Global |
| 23.2 | Consent of Appleby (BVI) Limited (included in Exhibit 5.1) |
| 24.1** | Power of attorney (included in signature pages of the Prior Registration Statement) |
| 107 | Registration Fee Table |
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** Previously filed.
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PART II
INFORMATION NOT REQUIRED IN PROSPECTUS
Item 8. Exhibits and Financial Statement Schedules.
All exhibits filed with or incorporated by reference in Registration Statement No. 333-286050 are incorporated by reference herein, and shall be deemed to be a part of this Registration Statement, except for those set forth in the exhibit index set forth herein, which are filed herewith.
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SIGNATURES
Pursuant to the requirements of the Securities Act, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form F-1 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Tel Aviv, Israel on May 13, 2025.
| ETORO GROUP LTD | |
|---|---|
| /s/ Jonathan Alexander Assia | |
| Name: | Jonathan Alexander Assia |
| Title: | Chief Executive Officer |
Pursuant to the requirements of the Securities Act, this registration statement has been signed by the following persons in the capacities set forth below on May 13, 2025.
| Name | Title |
|---|---|
| /s/ Jonathan Alexander Assia | Chief Executive Officer |
| Jonathan Alexander Assia | ( Principal Executive Officer ) |
| * | Chief Financial Officer |
| Meron Shani | ( Principal Financial Officer and Principal Accounting Officer ) |
| * | Director |
| Ronen Assia | |
| * | Director |
| Santo Politi | |
| * | Director |
| Avner Stepak | |
| * | Director |
| Eddy Shalev |
| *By: |
|---|
| Jonathan Alexander Assia |
| Attorney-in-Fact |
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SIGNATURE OF AUTHORIZED U.S. REPRESENTATIVE OF THE REGISTRANT
Pursuant to the requirements of the Securities Act, the undersigned certifies that it is the duly authorized United States representative of the registrant and has duly caused this registration statement to be signed by the undersigned, thereunto duly authorized, in the City of Hoboken, State of New Jersey, on May 13, 2025.
| /s/ Jonathan Alexander Assia | |
|---|---|
| Name: | Jonathan Alexander Assia |
| Title: | Director |
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