IACB shareholders vote to approve the proposed business merger with Innovid – QNT Press Release


ION Acquisition Corp 2, Ltd. (“ION”) (New York Stock Exchange stock code:OOO), a special purpose acquisition company, today announced that its shareholders have voted to approve the previously announced business merger with Innovid Inc. (“Innovid” or “Company”), a leading independent networked television (CTV) advertising and measurement platform. At the extraordinary general meeting to be held on November 29, 2021.

Approximately 97.4% of the votes at the meeting approved the transaction. The business combination is expected to be completed on November 30. After the completion of the redemption (19,585,174 shares) and payment of deferred underwriting commissions, but before the payment of transaction fees, the transaction will generate approximately 251 million U.S. dollars in revenue. After the transaction is completed, the company’s common stock and warrants will be 12 It will start trading on the New York Stock Exchange (“NYSE”) on the 1st, and the stock codes are “CTV” and “CTV.WS”.

Gilad Shany, CEO of ION, said: “Innovid has established an outstanding advertising service, creative and measurement platform specifically for CTV, helping global advertisers to transfer $200 billion worth of TV advertising from broadcast Television is transitioning to the digital age.” “With strong customer relationships with the largest TV advertisers, deep partnerships across the entire ecosystem, independence from any media bias, and attractive usage-based unit economy, the company is in We are in a unique position in the future development,” Gilad continued. “With the support of our shareholders for the business combination, we look forward to working with the Zvika and Innovid teams to the next stage as they embarked on their journey as a public company and consolidating their leadership in the CTV ecosystem.”

Important information

Neither the SEC, any state securities commission, or the Israel Securities Authority has approved or rejected the issuance of securities related to the business combination, nor has it determined whether the registration statement is accurate or sufficient.

Notes on forward-looking statements

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