Online advertising company Taboola said that its F-4 registration statement is now effective for the proposed business combination with ION Acquisition 1.
ION set a June 28 meeting for stockholders to vote on the deal.
Announced in January, the transaction implies a pro forma valuation of approximately $2.6 billion.
The deal consists of the SPAC’s $259 million in trust and approximately $285 million in primary and secondary PIPE financing from institutional investors secured by Taboola.
If approved, the combined company will operate under the Taboola name and will trade on the NYSE under TBLA.
Taboola is perhaps best known for its “chumbox advertising” at the bottm of web pages, offering recommendations for site visitors. Read more.
