Unusual event: the stock is collapsing – and the company publishes an extraordinary clarification

Paymant Financial Technologies stock plunged more than 14% today on the Tel Aviv Stock Exchange, completing a drop of over 40% in the past week, seemingly for no apparent reason. The company issued an unusual notice to the exchange stating that no unusual event had occurred and its business is operating as usual.

Paymant Financial Technologies stock plunged more than 14% today (Wednesday) on the Tel Aviv Stock Exchange, completing a drop of over 40% in the past week, seemingly for no apparent reason. The sharp declines led the company to publish an unusual notice to the exchange, in which it stated that to the best of its knowledge no unusual event had occurred and the company's business is operating as usual. Paymant is an Israeli fintech company that operates a platform for providing consumer credit at the point of sale (POS) using the Buy Now, Pay Later model. The company was founded in December 2014 under the name Credit Shop, changed its name in June 2021, and was listed in October of that year. Since the beginning of 2025, the stock had been rising, but in February 2026 it began to weaken. The headline uses the words 'unusual event' and 'collapsing' to create drama, while the body reports a decline for no apparent reason and a relatively routine clarification.