Subsequent Events |
9 Months Ended | 12 Months Ended |
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Sep. 30, 2021 |
Dec. 31, 2020 |
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Subsequent Events | ||
Subsequent Events |
15. Subsequent Events On October 6, 2021, the Company approved 13 restricted stock units to be granted under the 2021 Equity Plan. On October 27, 2021, the Company approved 11 stock options and 36 restricted stock units to be granted to employees under the 2021 Equity Plan. On November 9, 2021, the Company announced an agreement to acquire Outrigger Media, Inc. d/b/a OpenSlate (“OpenSlate”) for $150 million, consisting of $125 million in cash and $25 million in DoubleVerify common stock. OpenSlate is a leading independent pre-campaign contextual targeting platform for social video and CTV. OpenSlate’s technology provides insight into the nature and quality of ad-supported content on large, video-driven social platforms, such as Facebook, TikTok and YouTube. |
16. Subsequent Events The Company has evaluated subsequent events through April 12, 2021, which represents the date the Consolidated Financial Statements were issued. Equity Grants On January 28, 2021, the Company granted 268 restricted stock units and 73 stock options under the Plan. On February 17, 2021, the Company granted 365 stock options and 213 restricted stock units under the Plan. On March 11, 2021, the Company granted 9 restricted stock units under the Plan. Concurrent Private Placement On April 9, 2021, the Company entered into an arrangement with an affiliate of Tiger Global Management, LLC (the “Tiger Investor”) whereby the Tiger Investor has agreed to purchase $30 million of the Company’s common stock in a private placement (“concurrent private placement”) concurrent with the completion of the proposed initial public offering of the Company’s common stock (the “IPO”) at a price per share equal to the initial public offering price. The concurrent private placement is contingent upon, and is expected to close immediately following, the completion of the proposed IPO through which the Company will list the common stock on the New York Stock Exchange. |
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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