Teads Holding elects Stuart Kovensky to board, expanding to 11 directors

Teads Holding Co.

Board increased from 10 to 11 directors; Stuart Kovensky elected as Class I director, term expiring at 2028 Annual Meeting.
Kovensky appointed to Financing Committee; independent under Nasdaq rules; brings capital markets and lender engagement expertise.
Kovensky was Co-CEO, CIO, and board member of Onex Credit Partners from 2006 to 2022; founded Cogent Advisory LLC in 2023.
Engagement agreement: $40,000 monthly cash retainer, plus $4,000 per day under specified circumstances; standard indemnification agreement.
Company says it continually evaluates capital structure optimization and financial flexibility for long-term strategic growth.

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