Company: PERI
Filing Date: 2025-04-03
Form Type: 6-K
Source: 0001178913-25-001191
Chunk: 1

Company: Perion Network Ltd.
Filing Date: 2025-04-03
Form: 6-K
Chunk 1
---
as defined below) may cause substantial dilution to a person or group that acquires 13% or more of the ordinary shares, par value NIS 0.03, of the Company (“ Ordinary Shares”) or any existing holder of 13% or more of the Ordinary Shares who shall acquire any additional Ordinary Shares. We provide a summary of the terms of the Rights Plan below. The below description is only a summary, and is not complete, and should be read together with the entire Rights Agreement (as defined below) (which includes as Exhibit Athereto, the Form of Right Certificate, and as Exhibit Bthereto, the Form of Summary of Rights), a copy of which has been furnished as Exhibit 4.1to this Report of Foreign Private Issuer on Form 6-K (“ Form 6-K”). Summary of the Rights Plan Rights and Rights Agreement The Board has authorized, pursuant to the Rights Plan, (i) the issuance of one special purchase right (a “ Right”) for each Ordinary Share outstanding at the Close of Business on April 14, 2025 (the “ Record Date”), as well as (ii) the issuance of one Right for each Ordinary Share issued after the Record Date and prior to the earliest of the Issuance Date, the Redemption Date and the Expiration Date (as defined below) (including Ordinary Shares issued pursuant to the exercise, conversion or settlement of securities exercisable for, convertible into or that may be settled for, Ordinary Shares or rights, in each case, issued or granted prior to, and outstanding as of, the Issuance Date). Each Right will represent the right to purchase one half (0.5) of an Ordinary Share, at the price of $0.01 per share, upon the terms and subject to the conditions described below. The Rights will be issued pursuant to a Rights Agreement, dated as of April 3, 2025 (the “ Rights Agreement”), between the Company and Equiniti Trust Company, LLC, as rights agent (the “ Rights Agent”). Capitalized terms used in this Form 6-K but not otherwise defined herein have the meanings given to them in the Rights Agreement. Each Right will allow its holder to purchase from the Company one half (0.5) of an Ordinary Share, at a purchase price of $0.01 per Ordinary Share, once the Rights become exercisable. Prior to exercise, each Right does not give its holder any dividend, voting, liquidation or other rights as a shareholder of Perion.