Thoma Bravo Advantage Business Combination Brings ironSource Public
June 29, 2021
ironSource completed a business combination with Thoma Bravo Advantage, a publicly traded SPAC, and commenced trading on the NYSE under the ticker IS on June 29, 2021. The transaction included $2.15 billion in cash proceeds (including an oversubscribed $1.3 billion PIPE), with ironSource receiving approximately $660 million of cash to fuel growth and continue expanding its app-economy platform.
- Buyers
- Thoma Bravo Advantage, PIPE investors
- Targets
- ironSource
- Industry
- Software
- Location
- Israel
- Transaction Type
- Buyout
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