ION Acquisition 2 shareholders voted yesterday in favor of merging with Innovid, an independent connected TV advertising delivery and measurement platform.
The SPAC in an 8-K filing said 19.59 million shares were redeemed ahead of the vote — roughly 89% of the $220 million ION 2 raised in a January IPO.
The deal is still expected to generate approximately $251 million of proceeds, including a $200 million PIPE. Read more.
