Perion Network (PERI) Launches Follow-on Up to $100M Stock Offering

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Go back to Perion Network (PERI) Launches Follow-on Up to $100M Stock Offering

Perion Network Launches Proposed Follow-on Offering of Ordinary Shares to Fund Continued Growth

December 8, 2021 4:34 PM EST

TEL AVIV, Israel & NEW YORK--(BUSINESS WIRE)-- Perion Network Ltd. (NASDAQ: PERI), a global advertising technology company that delivers holistic solutions across the three main pillars of digital advertising ad search, social media and display / video / CTV advertising today announced that it has launched a proposed follow-on public offering of approximately $100.0 million of its ordinary shares. In connection with the offering, the Company expects to grant the underwriters a 30-day option to purchase additional ordinary shares to be sold in the offering on the same terms and conditions. Perion intends to use the... More