# EDGAR Filing Document

**Accession Number:** 0001454938
**File Stem:** 0001454938-26-000017
**Filing Date:** 2026-3
**Character Count:** 24054
**Document Hash:** 4624ac9211e4ad09069da10cdc3dfa5f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001454938-26-000017.hdr.sgml**: 20260316

**ACCESSION NUMBER**: 0001454938-26-000017

**CONFORMED SUBMISSION TYPE**: S-8

**PUBLIC DOCUMENT COUNT**: 15

**FILED AS OF DATE**: 20260316

**DATE AS OF CHANGE**: 20260316

**EFFECTIVENESS DATE**: 20260316

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Teads Holding Co.
- **CENTRAL INDEX KEY:** 0001454938
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 205391629
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** S-8
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-294353
- **FILM NUMBER:** 26757574

**BUSINESS ADDRESS:**
- **STREET 1:** 111 WEST 19TH STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10011
- **BUSINESS PHONE:** (646) 867-0149

**MAIL ADDRESS:**
- **STREET 1:** 111 WEST 19TH STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10011

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Outbrain Inc.
- **DATE OF NAME CHANGE:** 20090129

**As filed with the Securities and Exchange Commission on March 16, 2026.**

**Registration No. 333-**

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

 **__________________________**

**FORM S-8**

**REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933**

**__________________________**

**Teads Holding Co.**

(Exact name of registrant as specified in its charter)

**__________________________**

---

| | |
|:---|:---|
| **Delaware** | **20-5391629** |
| (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) |

---

**__________________________**

**111 West 19th Street**

**New York, NY 10011**

(Address of principal executive offices)

**__________________________**

**2021 Long-Term Incentive Plan**

**Employee Stock Purchase Plan**

(Full title of the plans)

**__________________________**

**David Kostman**

**Chief Executive Officer**

**Teads Holding Co.**

**111 West 19th Street**

**New York, NY 10011**

**(646) 867-0149**

(Name, address, including zip code, and telephone number, including area code, of agent for service)

**__________________________**

Copies of all correspondence to:

---

| | |
|:---|:---|
| **Ellen S. Knarr, Esq.** **Day Pitney LLP**<br>**8 Sylvan Way**<br>**Parsippany, NJ 07054**<br>**Tel: (973) 966-6300** | **Veronica Gonzalez** **Teads Holding Co.**<br>**111 West 19th Street**<br>**New York, NY 10011**<br>**Tel: (646) 867-0149** |

---

**__________________________**

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

---

| | | | |
|:---|:---|:---|:---|
| Large Accelerated filer | ☐ | Accelerated filer | ☒ |
| Non-accelerated filer | ☐ | Smaller reporting company | ☒ |
| | | Emerging growth company | ☐ |

---

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

------

**EXPLANATORY NOTE**

**Registration of Additional Securities**

Pursuant to General Instruction E to Form S-8, Teads Holding Co. (the "Registrant") is filing this Registration Statement on Form S-8 (this "Registration Statement") with the U.S. Securities and Exchange Commission (the "Commission") to register additional shares of common stock, $0.001 par value per share, of the Registrant ("Common Stock") for issuance under the 2021 Long-Term Incentive Plan (the "LTIP") and the Employee Stock Purchase Plan (the "ESPP"). The number of shares of Common Stock available for issuance under the LTIP is subject to an annual increase on the first day of each fiscal year by an amount equal to the lesser of (i) five percent (5%) of the total number of shares of Common Stock outstanding on the last day of the immediately preceding fiscal year or (ii) such smaller amount as the Compensation Committee of the Registrant's Board of Directors, in its discretion, determines (the "LTIP Evergreen Provision"). The number of shares of Common Stock available for issuance under the ESPP is subject to an annual increase on the first day of each fiscal year by an amount equal to the lesser of (i) one percent (1%) of the number of shares of Common Stock outstanding on the last day of the immediately preceding fiscal year, or (ii) such smaller amount as the Registrant's Board of Directors, in its discretion, determines (the "ESPP Evergreen Provision"). On January 1, 2026, the number of shares of Common Stock available for issuance under the LTIP and the ESPP increased by 4,799,021 and 959,804 shares, respectively, pursuant to the LTIP Evergreen Provision and the ESPP Evergreen Provision. This Registration Statement registers such additional shares of Common Stock. This Registration Statement hereby incorporates by reference the contents of the Registrant's Registration Statement on <u>[Form S-8](https://www.sec.gov/Archives/edgar/data/1454938/000110465921100986/tm2124290d1_s8.htm)</u> filed with the Commission on August 6, 2021 (File No. 333-258535) (the "Original Registration Statement"), which registered 5,050,000 shares of Common Stock under the LTIP and 1,263,000 shares of Common Stock under the ESPP, the Registrant's Registration Statement on <u>[Form S-8](https://www.sec.gov/Archives/edgar/data/1454938/000145493823000031/outbraininc-sx82023.htm)</u> filed on March 15, 2023 (File No. 333-270568) (the "Second Registration Statement"), which registered 5,446,406 shares of Common Stock under the LTIP and 1,089,280 shares of Common Stock under the ESPP, the Registrant's Registration Statement on <u>[Form S-8](https://www.sec.gov/Archives/edgar/data/0001454938/000145493824000027/outbraininc-sx82024.htm)</u> filed on March 8, 2024 (File No. 333-277801) (the "Third Registration Statement"), which registered 2,486,325 shares of Common Stock under the LTIP and 497,265 shares of Common Stock under the ESPP, and the Registrant's Registration Statement on <u>[Form S-8](https://www.sec.gov/Archives/edgar/data/1454938/000145493825000023/outbraininc-sx82025.htm)</u> filed on March 7, 2025 (File No. 333-285641) (the "Fourth Registration Statement," and together with the Original Registration Statement, the Second Registration Statement, the Third Registration Statement and the Fourth Registration Statement, the "Prior Registration Statements"), which registered 2,504,505 shares of Common Stock under the LTIP and 500,901 shares of Common Stock under the ESPP, except to the extent supplemented, amended or superseded by the information set forth herein. Any items in the Prior Registration Statements not expressly changed hereby shall be as set forth in the Prior Registration Statements.

------

**PART II**

**INFORMATION REQUIRED IN THE REGISTRATION STATEMENT**

**Item 3. Incorporation of Documents by Reference.**

The following documents filed with the Commission by the Registrant pursuant to the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended (the "Exchange Act"), are hereby incorporated by reference in this Registration Statement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.the Registrant's <u>[Annual Report on Form 10-K](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001454938/000145493826000015/tead-20251231.htm)</u> for the fiscal year ended December 31, 2025, filed with the Commission on March 16, 2026; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.The description of the Common Stock contained in the Registrant's Registration Statement on <u>[Form 8-A](https://www.sec.gov/Archives/edgar/data/1454938/000110465921094018/tm2113258d20_8a12b.htm)</u> (File No. 001-40643) filed with the Commission on July 20, 2021, as updated by the description of the Common Stock contained in <u>[Exhibit 4.7](https://www.sec.gov/Archives/edgar/data/1454938/000145493822000003/exhibit47-202110xk.htm)</u> to the Registrant's Annual Report on Form 10-K for the fiscal year ended December 31, 2021, filed with the Commission on March 18, 2022, including any amendment or report filed for the purpose of updating such description.

All documents that the Registrant subsequently files pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act after the date of this Registration Statement and prior to the filing of a post-effective amendment to this Registration Statement indicating that all securities offered have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference into this Registration Statement and to be a part hereof from the date of filing of such documents; provided, however, that any such documents or portions thereof that are furnished, including under Item 2.02 or Item 7.01 of a Current Report on Form 8-K and any exhibits included with such items, shall not be deemed incorporated by reference in this Registration Statement.

Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any other subsequently filed document which also is or is deemed to be incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.

------

**Item 8. Exhibits.**

**EXHIBIT INDEX**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Exhibit No.** | **Description** | **Form** | **File No.** | **Exhibit** | **Filing Date** |
| 3.1 | <u>[Thirteenth Amended and Restated Certificate of Incorporation of the Company](https://www.sec.gov/Archives/edgar/data/1454938/000095015725000478/ex3-1.htm)[.](https://www.sec.gov/Archives/edgar/data/1454938/000095015725000478/ex3-1.htm)</u> | 8-K | 001-40643 | 3.1 | June 9, 2025 |
| 3.2 | <u>[Amended and Restated Bylaws of the Company, as amended June 6, 2025.](https://www.sec.gov/Archives/edgar/data/1454938/000095015725000478/ex3-2.htm)</u> | 8-K | 001-40643 | 3.2 | June 9, 2025 |
| 4.1 | <u>[Specimen stock certificate.](https://www.sec.gov/Archives/edgar/data/0001454938/000110465921093632/tm2113258d18_ex4-1.htm)</u> | S-1/A | 333-257525 | 4.1 | July 20, 2021 |
| 4.2 | <u>[2021 Long-Term Incentive Plan, and foreign addenda.](https://www.sec.gov/Archives/edgar/data/0001454938/000110465921093632/tm2113258d18_ex10-4.htm)</u> | S-1/A | 333-257525 | 10.4 | July 20, 2021 |
| 4.3 | <u>[Form of Employee Stock Purchase Plan.](https://www.sec.gov/Archives/edgar/data/0001454938/000110465921093632/tm2113258d18_ex10-14.htm)</u> | S-1/A | 333-257525 | 10.14 | July 20, 2021 |
| 5.1\* | <u>[Opinion of Day Pitney LLP.](exhibit51-sx82026.htm)</u> |  |  |  |  |
| 23.1\* | <u>[Consent of Day Pitney LLP (included in Exhibit 5.1).](exhibit51-sx82026.htm)</u> |  |  |  |  |
| 23.2\* | <u>[Consent of KPMG LLP, independent registered public accountants.](exhibit232-sx82026.htm)</u> |  |  |  |  |
| 24.1\* | <u>[Power of attorney (included in signature page hereto).](#i4f943e84959442a8a702ec9af37958f0_16)</u> |  |  |  |  |
| 107\* | <u>[Filing Fee Table](exfilingfees.htm)</u> |  |  |  |  |

---

_______________________

\* Filed herewith.

------

**SIGNATURES**

Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of New York, State of New York on March 16, 2026.

---

| | |
|:---|:---|
| **TEADS HOLDING CO.** | **TEADS HOLDING CO.** |
| By: | /s/ David Kostman |
|  | Name: David Kostman |
|  | Title: *Chief Executive Officer* |

---

**POWER OF ATTORNEY**

KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints David Kostman, Jason Kiviat and Veronica Gonzalez, and each of them, as his or her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign the Registration Statement on Form S-8 of Teads Holding Co., and any or all amendments (including post-effective amendments), and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents full power and authority to do and perform each and every act and thing requisite or necessary to be done in connection therewith and about the premises, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or their substitute or substitutes, may lawfully do or cause to be done by virtue hereof.

------

Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement on Form S-8 has been signed by the following persons in the capacities and on the dates indicated.

---

| | | |
|:---|:---|:---|
| **Signatures** | **Title** | **Date** |
| /s/ David Kostman | Chief Executive Officer and Director<br>(Principal Executive Officer) | March 16, 2026 |
| David Kostman | Chief Executive Officer and Director<br>(Principal Executive Officer) |  |
| /s/ Jason Kiviat | Chief Financial Officer<br>(Principal Financial Officer) | March 16, 2026 |
| Jason Kiviat | Chief Financial Officer<br>(Principal Financial Officer) |  |
| /s/ Wenkai Bradshaw | Chief Accounting Officer and SVP, Corporate Controller<br>(Principal Accounting Officer) | March 16, 2026 |
| Wenkai Bradshaw | Chief Accounting Officer and SVP, Corporate Controller<br>(Principal Accounting Officer) |  |
| /s/ Yaron Galai | Co-Founder and Chairman<br>of the Board | March 16, 2026 |
| Yaron Galai | Co-Founder and Chairman<br>of the Board |  |
| /s/ Nithya B. Das | Director | March 16, 2026 |
| Nithya B. Das | Director |  |
| /s/ Shlomo Dovrat | Director | March 16, 2026 |
| Shlomo Dovrat | Director |  |
| /s/ Dexter Goei | Director | March 16, 2026 |
| Dexter Goei | Director |  |
| /s/ Kate Taneyhill Jhaveri | Director | March 16, 2026 |
| Kate Taneyhill Jhaveri | Director |  |
| /s/ Yaffa Krindel | Director | March 16, 2026 |
| Yaffa Krindel | Director |  |
| /s/ Mark Mullen | Director | March 16, 2026 |
| Mark Mullen | Director |  |
| /s/ Arne Wolter | Director | March 16, 2026 |
| Arne Wolter | Director |  |
| /s/ Mark Zagorski | Director | March 16, 2026 |
| Mark Zagorski | Director |  |

---

## Ex-Filing

?xml version='1.0' encoding='ASCII'? exfilingfees

Exhibit 107

**Calculation of Filing Fee Table**

**Form S-8**

(Form Type)

**Teads Holding Co.**

(Exact Name of Registrant as Specified in its Charter)

**Table 1: Newly Registered Securities**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Security Type** | **Security Class Title** | **Fee Calculation Rule** | **Amount Registered**<sup>(1) (2) (3)</sup> | **Proposed Maximum Offering Price Per Share** <sup>(4)</sup> | **Maximum Aggregate Offering Price** | **Fee Rate** | **Amount of Registration Fee** |
| Equity | Common Stock, $0.001 par value per share | Rule 457(a) | 4799021 | $0.75 | $3599265.75 | 0.0001381 | $497.06 |
| Equity | Common Stock, $0.001 par value per share | Rule 457(a) | 959804 | $0.75 | $719853.00 | 0.0001381 | $99.41 |
| **Total Offering Amounts** | **Total Offering Amounts** | **Total Offering Amounts** | **Total Offering Amounts** |  | $4319118.75 |  | $596.47 |
| **Total Fee Offsets** <sup>(5)</sup> | **Total Fee Offsets** <sup>(5)</sup> | **Total Fee Offsets** <sup>(5)</sup> | **Total Fee Offsets** <sup>(5)</sup> |  |  |  | $0 |
| **Net Fee Due** | **Net Fee Due** | **Net Fee Due** | **Net Fee Due** |  |  |  | $596.47 |

---

(1)&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to Rule 416(a) promulgated under the Securities Act of 1933, as amended (the "Securities Act"), this Registration Statement shall also cover any additional shares of the Registrant's common stock, par value $0.001 per share ("Common Stock"), that become issuable under the Registrant's (i) 2021 Long-Term Incentive Plan (the "LTIP") or (ii) Employee Stock Purchase Plan (the "ESPP") by reason of any stock dividend, stock split, recapitalization or other similar transaction effected without receipt of consideration that increases the number of outstanding shares of Common Stock.

(2)&nbsp;&nbsp;&nbsp;&nbsp;Represents 4,799,021 shares of Common Stock available for future issuance under the LTIP by reason of the automatic increase provisions therein.

(3)&nbsp;&nbsp;&nbsp;&nbsp;Represents 959,804 shares of Common Stock available for future issuance under the ESPP by reason of the automatic increase provisions therein.

(4)&nbsp;&nbsp;&nbsp;&nbsp;Estimated in accordance with Rule 457(c) and 457(h) solely for the purpose of calculating the registration fee, based upon the average of the high and low prices of the Common Stock as reported on the Nasdaq Global Select Market on March 13, 2026.

(5)&nbsp;&nbsp;&nbsp;&nbsp;The Registrant does not have any fee offsets.

## Exhibit 5.1

---

| | |
|:---|:---|
| ![imagea.jpg](imagea.jpg) | |
| Boston \| Connecticut \| Florida \| New Jersey \| New York \| Providence \| Washington, DC | Boston \| Connecticut \| Florida \| New Jersey \| New York \| Providence \| Washington, DC |
| | DAY PITNEY LLP<br>8 Sylvan Way<br>Parsippany, NJ 07054-3801 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;March 16, 2026

Teads Holding Co.

111 West 19<sup>th</sup> Street

New York, NY 10011

We refer to the Registration Statement on Form S-8 (the "<u>Registration Statement</u>") filed by Teads Holding Co., a Delaware corporation (the "<u>Company</u>"), relating to the registration under the Securities Act of 1933, as amended (the "<u>Act</u>"), of an aggregate of 5,758,825 shares of common stock of the Company, par value $0.001 per share (the "<u>Shares</u>"), issuable under the Company's 2021 Long-Term Incentive Plan (the "<u>LTIP</u>") and the Company's Employee Stock Purchase Plan (the "<u>ESPP</u>," and together with the LTIP, the "<u>Plans</u>" and each a "<u>Plan</u>").

In connection with our opinion, we have examined originals, or copies certified or otherwise identified to our satisfaction, of the Plans, the Registration Statement, the Thirteenth Amended and Restated Certificate of Incorporation of the Company and the Amended and Restated Bylaws of the Company (as amended on June 6, 2025), each as currently in effect, relevant resolutions of the Board of Directors of the Company or committees thereof, and such corporate records, documents, agreements, instruments and certificates of public officials of the State of Delaware and of officers of the Company as we have deemed necessary or appropriate in order to express the opinion hereinafter set forth.

In our examination of such documents and records, we have assumed without independent verification the genuineness of all signatures, the authenticity of all documents submitted to us as originals, the legal capacity of all natural persons and the conformity with the authentic originals of all documents submitted to us as copies, that the persons identified to us as officers are actually serving as such, and that any certificates representing the Shares will be properly executed by one or more such persons.

Based upon the foregoing and in reliance thereon, and subject to the assumptions, qualifications, limitations and exceptions set forth herein, we are of the opinion that, when the Registration Statement shall have become effective under the Act and the Shares have been duly issued and delivered in the manner contemplated by the Registration Statement and the applicable Plan, upon payment of the agreed consideration therefor, if any, in accordance with the applicable Plan, the Shares will be validly issued, fully paid and non-assessable.

------

---

| |
|:---|
| ![image1a.jpg](image1a.jpg) |
| Teads Holding Co.<br>March 16, 2026<br>Page 2 |

---

The foregoing opinion is limited to the General Corporation Law of the State of Delaware. We express no opinion as to the effect of the laws of any other jurisdiction. In rendering opinions with respect to the General Corporation Law of the State of Delaware, we expressly advise you that (a) no member of this firm involved in the negotiation or preparation of this opinion letter is admitted to practice law in the State of Delaware and (b) by rendering such opinions this firm is not holding itself out to any person as attorneys admitted to practice law in the State of Delaware.

This opinion letter is rendered as of the date hereof and we express no opinion as to circumstances or events that may occur subsequent to such date. We assume no obligation or responsibility to supplement or update this opinion letter, or to advise any person of changes of law or the interpretation thereof, or any changes of fact, that occur after the date hereof, even though such changes may affect a legal analysis, conclusion, informational confirmation or opinion set forth in this opinion letter.

This opinion letter is being furnished in connection with the requirements of Item 601(b)(5) of Regulation S-K under the Act, and no opinion is expressed herein as to any matter pertaining to the contents of the Registration Statement or any related prospectus, other than as expressly stated herein with respect to the Shares.

We hereby consent to the use of this opinion letter as an exhibit to the Registration Statement. In giving such consent, we do not hereby concede that we are within the category of persons whose consent is required under Section 7 of the Act, or the Rules and Regulations of the Securities and Exchange Commission thereunder.

Very truly yours,

/s/ DAY PITNEY LLP

DAY PITNEY LLP

## Exhibit 23.2

Exhibit 23.2

**Consent of Independent Registered Public Accounting Firm**

We consent to the use of our report dated March 16, 2026, with respect to the consolidated financial statements of Teads Holding Co. and subsidiaries, and the effectiveness of internal control over financial reporting, incorporated herein by reference.

/s/ KPMG LLP

New York, New York

March 16, 2026

<br>