Taboola seeks Israeli court approval for up to $50M net issuance and buyback program

Taboola.com Ltd.

Filed motion on Sept 21, 2023 with Tel Aviv District Court for a $50M program covering net issuance for tax withholding and share repurchases.
Existing $40M buyback program initiated June 1, 2023 remains in effect.
Net issuance mechanism would allow Taboola to withhold shares for tax obligations, reducing dilution and market disruption.
Court approval, if granted, expected to be valid for six months; company plans successive renewals.
Approval required under Israeli law to protect creditor interests; not needed under US rules.

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