secwatch.observer — SEC 8-K summary
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Issuer:     Taboola.com Ltd. (TBLA)
CIK:        0001840502
Form:       8-K
Filed at:   2023-04-17T23:59:59+00:00
Accession:  0001140361-23-018562
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Taboola files motion for up to $50M share repurchase and net issuance mechanism approval in Israeli court
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- Filed motion with Tel Aviv District Court on April 17, 2023 for up to $50 million aggregate limit.
- Net issuance mechanism would allow withholding shares for tax on equity awards; board reaffirmed April 10, 2023.
- If approved, authorization would be for a six-month period; future requests expected.
- Potential share repurchases require separate board approval; announcement would follow if approved.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1840502/000114036123018562/0001140361-23-018562-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1840502/000114036123018562/brhc20051304_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-018562

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