Outbrain Shareholders Vote to Support Teads Acquisition

Core Points - Outbrain Inc. announced the approval of the issuance of 35 million shares of common stock and 10.5 million Series A Convertible Preferred Shares for the acquisition of Teads S.A. [1][2] - The transaction is expected to close in the first quarter of 2025, pending customary closing conditions and regulatory approvals [1][3] - Over 64% of outstanding shares were present at the special meeting, with more than 99% voting in favor of the Share Issuance Proposal [3] Company Overview - Outbrain is a technology platform that engages users across the Open Internet, utilizing AI and machine learning to drive measurable outcomes for advertisers and publishers [7] - The company operates globally across more than 8,000 online properties and has been in operation since 2006, with headquarters in New York and offices in various regions [7]