Online advertising company Taboola today said it has filed a preliminary proxy on its merger agreement with Ion Acquisition 1.
The deal consists of the SPAC’s $259 million in trust and the approximately $285 million in primary and secondary PIPE financing from institutional investors secured by Taboola.
The combined company will operate under the Taboola name and will trade on the NYSE under TBLA. The transaction is expected to close duering the second quarter pending shareholder approvals.
If stockholders approve the deal, Taboola’s ordinary shares are expected to list on the Nasdaq under TBLA. Read more.
