NEW YORK, May 27, 2021 /PRNewswire/ -- Taboola, a global
leader in powering recommendations for the open web, helping people
discover things they may like, today announced that members of its
management team will participate in the upcoming Cowen Technology,
Media & Telecom Conference. Interested investors can
contact their Cowen Sales
Representative to request a meeting
Event: Cowen's 49th Annual TMT Conference
Participants: Adam Singolda, Chief Executive Officer and
Stephen Walker, Chief Financial
Officer
Date: Thursday, June 3,
2021
Virtual Fireside Chat Time: 9:50 a.m.
ET
A live webcast and replay of the fireside chat will be featured
on Taboola's investor relations website at
www.taboola.com/about/investors.
Note Regarding Forward-Looking Statements
Certain
statements in this press release are forward-looking statements.
Forward-looking statements generally relate to future events
including future financial or operating performance of Taboola.com
Ltd. (the "Company"). In some cases, you can identify
forward-looking statements by terminology such as "may", "should",
"expect", "intend", "will", "estimate", "anticipate", "believe",
"predict", "potential" or "continue", or the negatives of these
terms or variations of them or similar terminology. Such
forward-looking statements are subject to risks, uncertainties, and
other factors which could cause actual results to differ materially
from those expressed or implied by such forward looking
statements.
These forward-looking statements are based upon estimates and
assumptions that, while considered reasonable by the Company and
its management, are inherently uncertain. Uncertainties and risk
factors that could affect the Company's future performance and
cause results to differ from the forward-looking statements in this
presentation include, but are not limited to: the occurrence of any
event, change or other circumstances that could give rise to the
termination of the proposed transaction involving the Company and
ION (such transaction, the "Business Combination"); the outcome of
any legal proceedings that may be instituted against ION or the
Company, the combined company or others following the announcement
of the Business Combination; the inability to complete the Business
Combination due to the failure to obtain approval of the
shareholders of ION or to satisfy other conditions to closing;
changes to the proposed structure of the Business Combination that
may be required or appropriate as a result of applicable laws or
regulations or as a condition to obtaining regulatory approval of
the Business Combination; the ability to meet stock exchange
listing standards following the consummation of the Business
Combination; the risk that the Business Combination disrupts
current plans and operations of ION or the Company as a result of
the announcement and consummation of the Business Combination; the
ability to recognize the anticipated benefits of the Business
Combination, which may be affected by, among other things,
competition, the ability of the combined company to grow and manage
growth profitably, maintain relationships with customers and retain
its management and key employees; costs related to the Business
Combination; changes in applicable laws or regulations; the
Company's estimates of expenses and profitability and underlying
assumptions with respect to shareholder redemptions and purchase
price and other adjustments; ability to attract new digital
properties and advertisers; ability to meet minimum guarantee
requirements in contracts with digital properties; intense
competition in the digital advertising space, including with
competitors who have significantly more resources; ability to grow
and scale the Company's ad and content platform through new
relationships with advertisers and digital properties; ability to
secure high quality content from digital properties; ability to
maintain relationships with current advertiser and digital property
partners; ability to make continued investments in the Company's
AI-powered technology platform; the need to attract, train and
retain highly-skilled technical workforce; changes in the
regulation of, or market practice with respect to, "third party
cookies" and its impact on digital advertising; continued
engagement by users who interact with the Company's platform on
various digital properties; the impact of the ongoing COVID-19
pandemic; reliance on a limited number of partners for a
significant portion of the Company's revenue; changes in laws and
regulations related to privacy, data protection, advertising
regulation, competition and other areas related to digital
advertising; ability to enforce, protect and maintain intellectual
property rights; and risks related to the fact that we are
incorporated in Israel and
governed by Israeli law; and other risks and uncertainties set
forth in the section entitled "Risk Factors" and "Cautionary Note
Regarding Forward-Looking Statements" in ION's final prospectus
relating to its initial public offering dated October 1, 2020 and in subsequent filings with
the Securities and Exchange Commission ("SEC"), including the proxy
statement relating to the Business Combination expected to be filed
by ION.
Nothing in this press release should be regarded as a
representation by any person that the forward-looking statements
set forth herein will be achieved or that any of the contemplated
results of such forward-looking statements will be achieved. You
should not place undue reliance on these forward-looking
statements, which speak only as of the date they were made. Neither
ION nor the Company undertakes any duty to update these
forward-looking statements except as may be required by law.
Additional Information
This communication is being
made in respect of the proposed transaction involving Taboola.com
Ltd. ("Taboola") and ION Acquisition Corp. 1 Ltd. ("ION"). This
communication does not constitute an offer to sell or the
solicitation of an offer to buy any securities or a solicitation of
any vote or approval, nor shall there be any sale of securities in
any jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of such jurisdiction. In connection with the
proposed transaction, Taboola has filed with the Securities and
Exchange Commission ("SEC") a registration statement on Form F-4
that includes a proxy statement of ION in connection with ION's
solicitation of proxies for the vote by ION's shareholders with
respect to the proposed transaction and other matters as may be
described in the registration statement. Taboola and ION also plan
to file other documents with the SEC regarding the proposed
transaction and a proxy statement/prospectus will be mailed to
holders of shares of ION's Class A ordinary shares. BEFORE MAKING
ANY VOTING OR INVESTMENT DECISION, INVESTORS ARE URGED TO READ THE
FORM F-4 AND THE PROXY STATEMENT/PROSPECTUS REGARDING THE PROPOSED
TRANSACTION AND ANY OTHER RELEVANT DOCUMENTS CAREFULLY IN THEIR
ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN
IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. The proxy
statement/prospectus, as well as other filings containing
information about Taboola and ION will be available without charge
at the SEC's Internet site (http://www.sec.gov). Copies of the
proxy statement/prospectus can also be obtained, when available,
without charge, from Taboola's website at http://www.taboola.com.
Copies of the proxy statement/prospectus can be obtained, when
available, without charge, from ION's website at
http://www.ion-am.com/spac.
Participants in the Solicitations
Taboola, ION and
certain of their respective directors, executive officers and other
members of management and employees may, under SEC rules, be deemed
to be participants in the solicitation of proxies from ION's
shareholders in connection with the proposed transaction. You can
find more information about ION's directors and executive officers
in ION's final prospectus dated October 1,
2020 and filed with the SEC on October 5, 2020. Additional information regarding
the participants in the proxy solicitation and a description of
their direct and indirect interests will be included in the proxy
statement/prospectus when it becomes available. Shareholders,
potential investors and other interested persons should read the
proxy statement/prospectus carefully when it becomes available
before making any voting or investment decisions. You may obtain
free copies of these documents from the sources indicated
above.
No Offer or Solicitation
This communication does not
constitute an offer to sell or the solicitation of an offer to buy
any securities, or a solicitation of any vote or approval, nor
shall there be any sale of securities in any jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
jurisdiction. No offering of securities shall be made except by
means of a prospectus meeting the requirements of section 10 of the
Securities Act, or an exemption therefrom.
About Taboola
Taboola powers recommendations for the
open web, helping people discover things they may like. The
company's platform, powered by artificial intelligence, is used by
digital properties, including websites, devices and mobile apps, to
drive monetization and user engagement. Taboola has long-term
partnerships with some of the top digital properties in the world,
including CNBC, NBC News, Business Insider, The Independent and El
Mundo. More than 13,000 advertisers use Taboola to reach over 500
million daily active users in a brand-safe environment. The company
has offices in 18 cities worldwide, including New York and Tel
Aviv.
Taboola is going public via a merger with ION Acquisition Corp.
1 Ltd. (NYSE: IACA), a publicly traded special purpose acquisition
company, or SPAC. For more information visit:
https://www.taboola.com/press-release/taboola-goes-public.
Learn more at www.taboola.com and follow @taboola on
Twitter.
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SOURCE Taboola
