Thoma Bravo Advantage (NYSE:TBA) announced in a press release that its shareholders approved its combination with publishing platform ironSource at a special meeting earlier today.
More than 96% of the votes cast at the meeting voted to approve the business combination and holders of approximately 86% of TBA’s issued and outstanding shares cast votes. The transaction is expected to close on June 28, and the combined entity’s shares will start trading on the New York Stock Exchange under the new symbol “IS” on June 29.
Per today’s 8-K, 18,254,045 shares were redeemed at today vote, removing approximately $182.5 million from it’s initial trust value of $1 billion. However, Thoma Bravo affirmed its commitment earlier this month to purchase ironSource shares at closing in the event that redemptions by TBA’s shareholders exceed $150 million. As such, the Sponsor has agreed to invest approximately $32.5 million in ironSource at the consummation of the Transactions.
The parties initially announced the $10.3 billion deal on March 22. Tel Aviv-based ironSource provides a publishing and monetization platform for mobile app developers.
ADVISORS
- Goldman Sachs & Co. LLC, Jefferies LLC and Citigroup Global Markets Inc. are serving as financial advisors to ironSource
- Latham & Watkins LLP and Meitar | Law Offices are serving as legal advisors to ironSource.
- Kirkland & Ellis LLP, Goldfarb Seligman & Co. and Cadwalader, Wickersham & Taft LLP are acting as legal advisors to Thoma Bravo Advantage.
- Goldman Sachs & Co. LLC, Citigroup Global Markets Inc. and Jefferies LLC acted as PIPE placement agents.


Globa Terra Acquisition Corporation (NASDAQ:GTERU) announced the pricing of its $152 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GTERU”, Wednesday, July 9, 2025. The new SPAC plans to mount a search for a target in the agriculture, agtech or biotech sectors with an emphasis on water...
M3-Brigade V (NASDAQ:MBAV) has entered into a definitive agreement to combine with crypto treasury firm ReserveOne, assembling about $1 billion in equity funding. ReserveOne is setting up a diversified Bitcoin and digital asset treasury with a portion of its investments going towards blockchain infrastructure and venture raises. The combined company is expected to trade on...
At the SPAC of Dawn As the SPAC market has warmed in 2025, only 21 of the 70 SPACs (30%) that have IPO’d thus far have overfunded their trusts to draw in investors and none of these funded to more than 101%. By contrast, 87% of 2023 SPACs were overfunded – some to as high...
Emmis Acquisition Corporation (NASDAQ:EMISU) has filed for a $100 million SPAC to take a look at the manufacturing sector after a few unique wrinkles in their IPO process. Initial investors are set to receive one right to a 1/10 share in each unit purchased and the SPAC will have 18 months to complete a business...
Chenghe III (NASDAQ:CHEC.U) has filed for a $110 million SPAC to continue the team’s growing series while turning to a new underwriter. The new SPAC is offering investors a 1/2 warrant in each unit and no overfunding of the trust, but it will need to complete a business combination within 18 months of its IPO...