Innovid SPAC Presentation Deck

41 TRANSACTION SUMMARY INNOVID + ION ACQUISITION CORP ■ ■ ■ Pro forma anticipated enterprise value of $1.1 billion $403 million total anticipated cash proceeds consisting of: $253 million from ION Acquisition Corp. 2 Ltd. $150 million in target PIPE proceeds expected to be raised at $10.00/share, including sponsor participation of up to $50 million at the Company's discretion Existing Innovid shareholders expected to retain "64% of the pro forma company Use of proceeds anticipated to include "$200 million of cash to balance sheet, which is anticipated to be used to pursue organic growth strategies and inorganic growth through opportunistic acquisitions, with balance of funds raised as secondary proceeds to existing Innovid shareholders Completion of transaction is expected by Q4 2021 INNOVD

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