We are  investigating possible breaches of fiduciary duty and other violations of law by the board of directors of ION Acquisition Corp. 1 Ltd. (“IACA” or the “Company”) (NYSE: IACA) in connection with the Company’s proposed merger with Taboola.com Ltd. (“Taboola”), a privately-held global leader in powering recommendations for the open web.  Under the terms of the merger agreement, IACA will acquire Taboola through a reverse merger that will result in Taboola becoming a public company traded on the NYSE.  The transaction represents an implied pro forma aggregate valuation of approximately $2.6 billion.

WeissLaw LLP is investigating whether IACA’s board acted in the best interest of IACA’s public shareholders in agreeing to the proposed transaction, whether the board was fully informed as to the valuation of Taboola, and whether all information regarding the process undertaken by the board and the valuation of the transaction will be fully and fairly disclosed to IACA public shareholders. WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties.  We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases.  If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com