Company: PERI
Filing Date: 2025-03-25
Form Type: 20-F
Source: 0001178913-25-001021
Chunk: 31

Company: Perion Network Ltd.
Filing Date: 2025-03-25
Form: 20-F
Item: Item 3
Chunk 31
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70 to a high of $31.20, and the daily average trading volume in that period was 595,068 shares (and for the period of January 1, 2024, and until December 31, 2024, was 622,055 shares). The following factors may cause significant fluctuations in the market price of our ordinary shares:
 

•   negative fluctuations in our quarterly revenue and earnings or those of our competitors;
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•   pending sales into the market due to the sale of large blocks of shares, due to, among other reasons, the expiration of any tax-related
                              or contractual lock–ups with respect to significant amounts of our ordinary shares;                          
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•   shortfalls in our operating results compared to levels forecast by us or by securities analysts;
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•   changes in our senior management;
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•   changes in regulations or in policies of search engine companies or other industry conditions;
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•   mergers and acquisitions by us or our competitors;
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•   technological innovations;
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•   the introduction of new products;
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•   the conditions of the securities markets, particularly in the internet and Israeli sectors; and
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•   political, economic and other developments in Israel (including the recent war between Israel and Hamas hostilities with Hezbollah
              in Lebanon, Iran, and other proxies like the Houthi movement in Yemen and armed groups in Iraq) and worldwide.          
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In addition, we were, and may be in the future, the subject of unfavorable allegations made by short sellers, who hope to profit from a decline in the value of our shares. Any such allegations may be followed by periods of instability or decrease in the market price of our ordinary shares and negative publicity.
 
Further, share prices of many technology companies in general and ad-tech companies in particular fluctuate significantly for reasons that may be unrelated or disproportionate to operating results. The factors discussed above may depress or cause volatility to our share price, regardless of our actual operating results.
 
We are currently subject to putative securities class actions and a putative derivative action and may be subject to similar or other litigation in the future, which could cause us to incur substantial costs and divert our management’s attention and resources.
 
Historically, public companies listed on U.S. exchanges that experience periods of volatility in the market price of their securities and/or engage in substantial transactions are sometimes the target of class action litigation. Companies in the internet and software industry, such as ours, are