Outbrain shareholders vote to approve Teads acquisition; expected close Q1 2025

Teads Holding Co.

Approval to issue 35M common shares and 10.5M Series A Convertible Preferred shares for Teads buy.
Over 99% of votes cast in favor; more than 64% of outstanding shares represented at special meeting.
Transaction expected to close in Q1 2025, subject to regulatory approvals and customary conditions.
CEO David Kostman called the vote a major milestone toward becoming a global leader on the Open Internet.

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