Innovid in negotiations for SPAC merger at $1.2 billion valuation

Israeli-founded video advertising company Innovid is in talks to go public via a merger with a SPAC (Special Purpose Acquisition Company), Calcalist has learned. ION Acquisition, led by co-CEOs Gilad Shany and Avrom Gilbert, and Chairman Jonathan Kolber, which announced over the weekend the listing of its third SPAC on the New York Stock Exchange, is among the candidates to merge with Innovid.