Company: PERI
Filing Date: 2025-04-03
Form Type: 6-K
Source: 0001178913-25-001191
Chunk: 2

Company: Perion Network Ltd.
Filing Date: 2025-04-03
Form: 6-K
Chunk 2
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 Exercise Period; Rights Certificates The Rights will not be exercisable until the Close of Business on the tenth (10 th) day after the public announcement or public disclosure that a person or group has become an “Acquiring Person” by obtaining beneficial ownership of 13% or more of the Company’s outstanding Ordinary Shares (subject to the parameters and exceptions described below and in the Rights Agreement, an “ Acquiring Person”), except if such person or group has become an Acquiring Person pursuant to an offer approved by the majority of the Board. Such date, upon which the Rights become exercisable, is referred to as the “ Issuance Date”. If a Person’s beneficial ownership of the then-outstanding Ordinary Shares as of the time of the public announcement of the Rights Plan is at or above 13%, that person or group’s then-existing ownership percentage would be grandfathered and would not trigger the exercisability of the Rights, as that Person will not be deemed to be an Acquiring Person. However, the Rights would become exercisable (and such Person will be deemed to be an Acquiring Person) if at any time after such announcement, that shareholder either subsequently increases its ownership percentage by 0.5% or more, or decreases its ownership percentage to an amount that is less than 13% and thereafter becomes an Acquiring Person. Until the Issuance Date, the balances in the book-entry accounting system of the transfer agent for our Ordinary Shares or, in the case of certificated shares, Ordinary Shares certificates, will also evidence the Rights, and any transfer of Ordinary Shares or, in the case of certificated shares, certificates for Ordinary Shares, will constitute a transfer of Rights. After the Issuance Date, the Rights will separate from the Ordinary Shares and be evidenced solely by Rights Certificates that we will mail to all eligible holders of Ordinary Shares. Any Rights held by an Acquiring Person or any Associate or Affiliate thereof are void and may not be exercised. In addition, in connection with the issuance or sale of Ordinary Shares following the Issuance Date and prior to the earlier of the Redemption Date and the final Expiration Date, the Company (a) shall, with respect to Ordinary Shares so issued or sold pursuant to the exercise of share options or pursuant to any other award or right under any employee benefit plan or arrangement, granted or awarded as of the Issuance Date, or upon the exercise, conversion or exchange of securities hereinafter issued by the Company (except as may otherwise be provided in the