Debevoise & Plimpton LLP is advising Morgan Stanley and Evercore LLC as placement agents in $150 million PIPE transaction in connection with the merger of Innovid and ION Acquisition Corp. 2 Ltd. (NYSE: IACB), a special purpose acquisition company. The merger agreement values the company at an implied pro forma aggregate equity valuation of approximately $1.3 billion. For more information, please see the company’s press release.
Innovid is the only independent omni-channel advertising and analytics platform built for television. Ion is a blank check company incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.
The Debevoise team is led by capital markets partner Morgan Hayes and includes associate Alice Gu.