AdTheorent’s Merger with Cadent and Major Shareholders’ Support
Company Announcements

AdTheorent’s Merger with Cadent and Major Shareholders’ Support

AdTheorent Holding (ADTH) just unveiled an announcement.

AdTheorent Holding Company is set to become a wholly-owned subsidiary of Cadent, LLC following a merger agreement, where each common share of AdTheorent will be converted into a cash payout of $3.21. Support Agreements have been signed by major shareholders, including H.I.G. Growth – AdTheorent, LLC, which holds around 37% of the stock, to vote in favor of the merger. These agreements include a provision for H.I.G. AdTheorent to forfeit over a million shares for cancellation just before the merger’s effective time, which will be treated as a capital contribution to the company. This move, along with other stockholder voting agreements, signals strong backing for the merger, but the company cautions that forward-looking statements about the merger’s outcome are subject to risks and uncertainties.

Learn more about ADTH stock on TipRanks’ Stock Analysis page.

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