Perion Network $66 million follow-on offering
We advised Perion, whose shares are listed on Nasdaq and the Tel Aviv Stock Exchange
Davis Polk advised Perion Network Ltd. on its $66 million follow-on offering of 5,738,500 ordinary shares, which includes 748,500 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 strategic business solutions that enable brands and advertisers to efficiently and successfully “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 Ida Araya-Brumskine and Gil Savir. The tax team included counsel Alon Gurfinkel and associate Omer Harel. Associate Brantley Hawkins provided 1940 Act advice. Members of the Davis Polk team are based in the New York and London offices.