Item 7.01. Regulation FD Disclosure.
On January 23, 2023, Innovid Corp. (the "Company") announced a reduction of its
global full-time headcount by approximately 10%. This headcount reduction
reflects the Company's continued focus on sustainable and profitable growth. It
is expected that the implementation of the headcount reduction will be
substantially complete by the end of the first quarter of 2023.
Forward-Looking Statements
This report includes "forward-looking statements" within the meaning of the
"safe harbor" provisions of the Private Securities Litigation Reform Act of
1996. The Company's actual results may differ from its expectations, estimates
and projections and consequently, you should not rely on these forward-looking
statements as predictions of future events. Words such as "expect," "estimate,"
"project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will,"
"could," "should," "believes," "predicts," "potential," "continue," "aim," and
similar expressions are intended to identify such forward-looking statements.
These forward-looking statements include, without limitation, the Company's
expectations regarding its future financial results and expected growth. These
forward-looking statements involve significant risks and uncertainties that
could cause the actual results to differ materially from the expected results,
including Innovid's ability to raise financing in the future, success in
retaining or recruiting officers, key employees or directors, changes in
applicable laws or regulations, Innovid's ability to maintain and expand
relationships with advertisers, decreases and/or changes in CTV audience
viewership behavior, Innovid's ability to make the right investment decisions
and to innovate and develop new solutions, the accuracy of Innovid's estimates
of market opportunity, forecasts of market growth and projections of future
financial performance, the extent of investment required in Innovid's sales and
marketing efforts, Innovid's ability to effectively manage its growth, the
impact of the Covid-19 pandemic, the risk of continued inflation and other
macroeconomic events, acquisition related risks, and other important factors
discussed under the caption "Risk Factors" in Innovid's Annual Report on Form
10-K filed with the SEC on March 18, 2022, as such factors may be updated from
time to time in its other filings with the SEC, accessible on the SEC's website
at www.sec.gov and the Investors Relations section of Innovid's website at
investors.innovid.com. Most of these factors are outside the Company's control
and are difficult to predict. The Company cautions not to place undue reliance
upon any forward-looking statements, including projections, which speak only as
of the date made. The Company does not undertake or accept any obligation to
release publicly any updates or revisions to any forward-looking statements to
reflect any change in its expectations or any change in events, conditions or
circumstances on which any such statement is based.
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