ION Acquisition 2 set a Nov. 29 meeting for shareolders to vote on the proposed merger with Innovid, an independent connected TV advertising delivery and measurement platform. The registration statement on the deal has been declared effective by the SEC.
Announced in June, the transaction implies a pro forma valuation of approximately $1.3 billion for Innovid. ION 2 raised $220 million in a January IPO. A $200 million PIPE is also in place to support the deal.
If approved, Innovid will trade on the NYSE under CTV. Read more.
