Innovid CORP

Market Movers (8-K)

Innovid Corp. has finalized its merger with Mediaocean, uniting Innovid and Flashtalking to establish a leading independent, omnichannel ad tech platform.
Innovid Corp. stockholders voted to adopt the Merger Agreement with Mediaocean LLC at a special meeting held on February 11, 2025.
Innovid Corp. has received shareholder demand letters and faces two lawsuits alleging disclosure deficiencies in its proxy statement related to the proposed merger with Mediaocean LLC, prompting the company to issue supplemental disclosures.
Delay expected
Mediaocean will acquire Innovid for $3.15 per share, merging it with Flashtalking to create a major independent omnichannel ad tech platform.
Mediaocean will acquire Innovid for approximately $525 million, merging it with Flashtalking to form a leading independent omnichannel ad tech platform.
Capital raise
Innovid Corp. announced a 6% year-over-year increase in Q3 2024 revenue, alongside a significant improvement in net income and adjusted EBITDA.
Better than expected

Quarterly Earnings (10-Q)

Innovid Corp. announced its third-quarter 2024 financial results, showing a 6% increase in revenue compared to the same period last year and a net income of $4.7 million.
Better than expected
Delay expected
Innovid Corp. saw a 10% increase in revenue year-over-year in Q2 2024, driven by growth in connected TV (CTV) advertising, while net losses improved significantly.
Better than expected
Innovid Corp. saw a 21% increase in revenue in the first quarter of 2024, primarily driven by the growth of Connected TV (CTV) advertising.
Better than expected
Delay expected

Annual Reports (10-K)

Innovid Corp.'s 2023 annual report highlights a year of growth in CTV impressions and strategic shifts amidst a changing advertising industry, while also noting net losses and a goodwill impairment.
Capital raise
Worse than expected

Insider Trading (Form 4)

Director Shany Gilad reports the cancellation of common stock and warrants due to the merger between Innovid Corp. and Mediaocean LLC, with shares converted to a cash payment of $3.15 per share.
Zvika Netter, CEO of Innovid Corp., reports the cancellation of common stock and stock options following the merger with Mediaocean LLC, resulting in cash payments and exchange for units in OceanKey TopCo LLP.
Michael DiPiano, a director at Innovid Corp., reported the cancellation of his shares and unvested restricted stock units following the merger with Mediaocean LLC, with each share and unit converted into the right to receive $3.15 in cash.
Kenneth Markus, Chief Operating Officer of Innovid Corp., reports the disposal of common stock and stock options due to the merger with Mediaocean LLC.
Genevieve Juillard, a director at Innovid Corp., had her common stock and unvested restricted stock units canceled and converted to cash as part of the merger with Mediaocean LLC.
Director Brian Hughes reports the cancellation of Innovid Corp. shares and restricted stock units due to a merger agreement, converting them into a cash payment of $3.15 per share.

Proxy Statements (Def-14A)

Innovid Corp. files an 8-K report addressing stockholder lawsuits related to its merger with Mediaocean LLC and provides supplemental information to its proxy statement.
Innovid Corp. is set to be acquired by Mediaocean LLC in a merger deal where stockholders will receive $3.15 per share in cash.
Innovid and Mediaocean have agreed to merge, creating a combined entity in the advertising technology space.
Innovid and Flashtalking will merge under Mediaocean to form a global, independent omnichannel ad tech platform, with an expected close date in 2025.
Innovid is set to merge with Flashtalking, a Mediaocean company, in a deal valued at approximately $500 million, aiming to create a leading global omnichannel ad tech platform.
Innovid has signed a definitive agreement to merge with Flashtalking, a subsidiary of Mediaocean, in a deal valued at approximately $500 million, creating a premier independent omnichannel ad tech platform.
Better than expected
Capital raise