Company: PERI
Filing Date: 2025-04-03
Form Type: 6-K
Source: 0001178913-25-001191
Chunk: 4

Company: Perion Network Ltd.
Filing Date: 2025-04-03
Form: 6-K
Chunk 4
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 public disclosure of such share purchases by the Company, increase its beneficial ownership of Ordinary Shares of the Company as a percentage of the then-outstanding Ordinary Shares of the Company (other than as a result of an acquisition of Ordinary Shares by the Company) by 0.5% or more, then such Person shall be deemed to be an “Acquiring Person.” Notwithstanding the foregoing, if the Board determines in good faith that a Person who would otherwise be an “Acquiring Person” has become such inadvertently, and such Person divests as promptly as practicable a sufficient number of Ordinary Shares, so that such Person would no longer be an “Acquiring Person,” as defined pursuant to the foregoing provisions of this paragraph, then such Person shall not be deemed to be an “Acquiring Person” for any purposes of the Rights Agreement. Notwithstanding the foregoing, no Person who at the time of the first public announcement of the declaration of the Rights is the Beneficial Owner of 13% or more of the then-outstanding Ordinary Shares of the Company shall become an “Acquiring Person”, for any purpose of this Agreement unless either (i) such Person shall, after the time of the public announcement of the declaration of the Rights, increase its beneficial ownership of Ordinary Shares of the Company as a percentage of the then-outstanding Ordinary Shares of the Company (other than as a result of an acquisition of Ordinary Shares by the Company) by 0.5% or more, or (ii) following the time of the public announcement of the declaration of the Rights, such Person’s beneficial ownership of Ordinary Shares of the Company as a percentage of the then-outstanding Ordinary Shares of the Company is reduced to an amount that is less than 13% and thereafter such Person becomes an “Acquiring Person”. Notwithstanding the foregoing, if a bona fide swaps dealer who would otherwise be an “Acquiring Person,” as defined in the Rights Agreement, has become so as a result of its actions in the ordinary course of its business that the Board of Directors of the Company determines, in its sole discretion, were taken without the intent or effect of evading or assisting any other Person to evade the purposes and intent of this Agreement, or otherwise seeking to control or influence the management or policies of the Company, then, and unless and until the Board of Directors shall otherwise determine, such Person shall not be deemed to be an “Acquiring Person” for any purposes of the Rights Agreement. Notwithstanding the foregoing, no Person who purchases securities of the Company (including Ordinary