M&A: Innovid Corp.

Form Type: PREM14A

Filing Date: 2024-12-23

Corporate Action: Merger

Type: New

Accession Number: 000114036124050156

Comments: Innovid Corp. has filed a preliminary proxy statement for the purpose of soliciting stockholder votes regarding a proposed merger with Mediaocean LLC. The merger, set under the Agreement and Plan of Merger dated November 21, 2024, involves a merger subtype where Innovid will merge with Ignite Merger Sub, Inc., a wholly owned subsidiary of Mediaocean, with Innovid remaining as a wholly owned subsidiary of Mediaocean following the merger. Each share of Innovid’s common stock will be converted into cash at a price of $3.15 per share at the effective time of the merger, which represents a significant premium from previous trading values. The Innovid Board has unanimously recommended that stockholders vote in favor of the merger and to approve the adjournment of the Special Meeting if necessary. Details regarding the voting process, proxy instructions, and the importance of stockholder participation are included.

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