Item 7.01. Legal FD Disclosure.
Opened January 23, 2023, Innovid Corp. (the “Company”) has announced a reduction in its global full-time workforce of approximately 10%. This downsizing reflects the Company’s continued focus on sustainable and profitable growth. It is expected that the implementation of the individual census reduction will be largely completed 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 the expectations, estimates and estimates and, therefore, you. they should not rely on these forward-looking statements as predictions of future events. Words like “anticipate,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “target,” “plan,” “could,” “likely,” “possible,” “should,” “believe,” “forecast,” “likely,” “continue,” “intend,” 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 actual results to differ materially from anticipated results, including This is Innovid’s site the ability to raise funds in the future, the success of retaining or hiring officers, key employees or directors, changes in applicable laws or regulations, This is Innovid’s site the ability to maintain and expand relationships with advertisers, declines and/or changes in CTV’s audience behavior, This is Innovid’s site the ability to make the right investment decisions and to create and develop new solutions, the accuracy of This is Innovid’s site market opportunity estimates, market growth forecasts and future financial performance projections, level of investment required This is Innovid’s site sales and marketing efforts, This is Innovid’s site the ability to effectively manage its growth, the impact of the Covid-19 pandemic, the risk of continued inflation and other macroeconomic events, the risk associated with asset acquisitions, and other key factors discussed under the caption “Risk Factors” This is Innovid’s site Annual Report on Form 10-K filed on SEC to March 18, 2022as such features may be updated from time to time in other filings with SECaccessible to SEC fees Web site at www.sec.gov and the investor relations section of This is Innovid’s site website at investor.innovid.com. Many of these factors are outside the Company’s control and are difficult to predict. The Company cautions against placing undue reliance on any forward-looking statements, including projections, which speak only as of the date made. The Company does not undertake or accept any obligation to publicly release 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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