Perion Network $180 million follow-on offering
We advised Perion on the offering of ordinary shares
Davis Polk advised Perion Network Ltd. on its $180 million follow-on offering of 8,372,092 ordinary shares, which includes 1,092,012 shares from the full exercise of the underwriters’ option to purchase additional shares. Perion’s ordinary shares are listed on the Nasdaq Global Select Market and Tel Aviv Stock Exchange under the ticker symbols “PERI” and “PERI.TA,” respectively.
Perion is a global technology company that delivers holistic strategic business solutions that enable brands and advertisers to efficiently “Capture and Convince” users across multiple platforms and channels, including interactive connected television – or iCTV.
The Davis Polk capital markets team included partners Michael Kaplan and Yasin Keshvargar and associates Jacqueline Marino and Livia Maas. The tax team included counsel Alon Gurfinkel and associate Omer Harel. Associate Leon E. Salkin provided 1940 Act advice. Members of the Davis Polk team are based in the New York and London offices.