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OFFON

IRONSOURCE LTD.

(IS)
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THOMA BRAVO ADVANTAGE : Entry into a Material Definitive Agreement, Unregistered Sale of Equity Securities, Other Events, Financial Statements and Exhibits (form 8-K)

01/20/2021 | 04:16pm EST

Item 1.01 Entry into a Material Definitive Agreement.

On January 20, 2021, Thoma Bravo Advantage (the "Company") consummated its initial public offering (the "IPO") of 100,000,000 Class A ordinary shares, par value of $0.0001 per share ("Class A ordinary shares"), including the issuance of 10,000,000 Class A ordinary shares as a result of the underwriters' exercise of their over-allotment option. The Class A ordinary shares were sold at a price of $10.00 per share, generating gross proceeds to the Company of $1,000,000,000.

In connection with the IPO, the Company entered into the following agreements, the forms of which were previously filed as exhibits to the Company's registration statement (File No. 333-251772):



     •    An Underwriting Agreement, dated January 14, 2021, between the Company
          and Citigroup Global Markets Inc., as representative of the several
          underwriters.




  •   Amended and Restated Memorandum and Articles of Association of the Company.




     •    A Letter Agreement, dated January 14, 2021, among the Company, and its
          directors, officers and Thoma Bravo Advantage Sponsor, LLC.




     •    An Investment Management Trust Agreement, dated January 14, 2021, between
          the Company and Continental Stock Transfer & Trust Company, as trustee.




     •    A Registration Rights Agreement, dated January 14, 2021, between the
          Company and its directors, and Thoma Bravo Advantage Sponsor, LLC.




     •    A Private Placement Shares Purchase Agreement, dated January 14, 2021
          between the Company and Thoma Bravo Advantage Sponsor, LLC.




     •    An Administrative Services Agreement, dated January 14, 2021 between the
          Company and Thoma Bravo Advantage Sponsor, LLC.




     •    An Indemnity Agreement, dated January 14, 2021, between the Company and
          Robert Sayle.




     •    An Indemnity Agreement, dated January 14, 2021, between the Company and
          Amy Coleman Redenbaugh.




     •    An Indemnity Agreement, dated January 14, 2021, between the Company and
          Steven Schwab.




     •    An Indemnity Agreement, dated January 14, 2021, between the Company and
          Orlando Bravo.




     •    An Indemnity Agreement, dated January 14, 2021, between the Company and
          Les Brun.




     •    An Indemnity Agreement, dated January 14, 2021, between the Company and
          Cam McMartin.




     •    An Indemnity Agreement, dated January 14, 2021, between the Company and
          Pierre Naudé.

On January 14, 2021, the Company issued a press release, a copy of which is attached as Exhibit 99.1 to this Current Report on Form 8-K, announcing the pricing of the IPO. On January 20, 2021, the Company issued a press release, a copy of which is attached as Exhibit 99.2 to this Current Report on Form 8-K, announcing the closing of the IPO.

Item 3.02 Unregistered Sales of Equity Securities.

Substantially concurrently with the closing of the IPO, the Company completed the sale, in a private placement, of 2,400,000 Class A ordinary shares (the "Private Placement Shares"), to the Company's sponsor, Thoma Bravo Advantage Sponsor, LLC, at an aggregate price of, and generating gross proceeds to the Company of, $24,000,000. The Private Placement Shares will not be transferable, assignable or salable until 30 days after the Company's initial business combination, and will have certain registration rights.

Item 8.01 Other Events.

A total of $1,000,000,000, comprised of $980,000,000 of proceeds from the IPO and $20,000,000 of proceeds from the sale of the Private Placement Shares, which amount includes $35,000,000 of the underwriters' deferred discount, was placed in a U.S.-based trust account at Citibank, N.A., maintained by Continental Stock Transfer & Trust Company, acting as trustee. Except with respect to interest earned on the funds held in the trust account that may be released to the Company to pay its taxes, if any, the funds held in the trust account will not be released from the trust account: (1) to the Company, until the completion of the Company's initial business combination, or (2) to the public shareholders of the Company, until the earliest of (a) the completion of the Company's initial business combination, and then only in connection with those Class A ordinary shares that such shareholders properly elect to redeem, (b) the redemption of any Class A ordinary shares properly tendered in connection with a shareholder vote to amend the Company's amended and restated memorandum and articles of association (A) to modify the substance or timing of the Company's obligation to provide holders of the Class A ordinary shares the right to have their shares redeemed in connection with the Company's initial business combination, or to redeem 100% of the Class A ordinary shares if the Company does not complete its initial business combination within 24 months from the closing of the IPO (or 30 months from the closing of the IPO if the Company has executed a letter of intent, agreement in principle or definitive agreement for its initial business combination within 24 months from the closing of the IPO but has not completed its initial business combination within such 24-month period) or (B) with respect to any other provision relating to the rights of holders of the Class A ordinary shares or pre-initial business combination activity, and (c) the redemption of all of the Class A ordinary shares sold in the IPO if the Company is unable to complete its initial business combination within 24 months (or 30 months, as applicable) from the closing of the IPO, subject to applicable law.

--------------------------------------------------------------------------------

Item 9.01. Financial Statements and Exhibits

(d) Exhibits. The following exhibits are filed with this Form 8-K:



Exhibit No.                           Description of Exhibits

 1.1               Underwriting Agreement, dated January 14, 2021, between the
                 Company and Citigroup Global Markets Inc., as representative of
                 the several underwriters.

 3.1               Amended and Restated Memorandum and Articles of Association of
                 the Company.

10.1               Letter Agreement, dated January 14, 2021, among the Company, and
                 its directors, officers and Thoma Bravo Advantage Sponsor, LLC.

10.2               Investment Management Trust Agreement, dated January 14, 2021,
                 between the Company and Continental Stock Transfer & Trust
                 Company, as trustee.

10.3               A Registration Rights Agreement, dated January 14, 2021, between
                 the Company and its directors, and Thoma Bravo Advantage Sponsor,
                 LLC.

10.4               Private Placement Shares Purchase Agreement, dated January 14,
                 2021 between the Company and Thoma Bravo Advantage Sponsor, LLC.


10.5               Administrative Services Agreement, dated January 14, 2021
                 between the Company and Thoma Bravo Advantage Sponsor, LLC.

10.6               Indemnity Agreement, dated January 14, 2021, between the Company
                 and Robert Sayle.

10.7               Indemnity Agreement, dated January 14, 2021, between the Company
                 and Amy Coleman Redenbaugh.

10.8               Indemnity Agreement, dated January 14, 2021, between the Company
                 and Steven Schwab.

10.9               Indemnity Agreement, dated January 14, 2021, between the Company
                 and Orlando Bravo.

10.10              Indemnity Agreement, dated January 14, 2021, between the Company
                 and Les Brun.

10.11              Indemnity Agreement, dated January 14, 2021, between the Company
                 and Cam McMartin.

10.12              Indemnity Agreement, dated January 14, 2021, between the Company
                 and Pierre Naudé.

99.1               Press Release, dated January 14, 2021.

99.2               Press Release, dated January 20, 2021.

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses

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