BRIEF-Innovid, A Global Leader In Connected TV Ad Delivery And Measurement, To Become Publicly Listed At An Implied $1.3 Billion Valuation Via A Merger With Ion Acquisition Corp. 2 Ltd.

Reuters

2021/06/24

June 24 (Reuters) - Ion Acquisition Corp 2 Ltd :

* INNOVID, A GLOBAL LEADER IN CONNECTED TV AD DELIVERY AND MEASUREMENT, TO BECOME PUBLICLY LISTED AT AN IMPLIED $1.3 BILLION VALUATION VIA A MERGER WITH ION ACQUISITION CORP. 2 LTD.

* INNOVID - TRANSACTION IMPLIES A PRO FORMA VALUATION OF APPROXIMATELY $1.3 BILLION FOR INNOVID

* INNOVID - HAS ALSO SECURED APPROXIMATELY $150 MILLION OF PIPE FINANCING

* INNOVID - COMBINED COMPANY WILL OPERATE UNDER INNOVID NAME AND WILL TRADE ON A US NATIONAL EXCHANGE

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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