Press Release

Cardlytics Enters Cooperation Agreement With CAS Investment Partners

September 19, 2023

New York – September 19, 2023 – Cooley advised Cardlytics (CDLX on Nasdaq), an advertising platform in banks’ digital channels, on its cooperation agreement with CAS Investment Partners, a 14.4% stockholder of Cardlytics. Lawyers Mark Ballantyne, Miguel Vega, Bill Roegge and James Lin led the Cooley team advising Cardlytics.

In connection with its entry into the cooperation agreement, Cardlytics appointed Alex Mishurov, chief executive officer and chief investment officer of KPS Global Asset Management, as an independent member of its board of directors. The cooperation agreement contains customary standstill, voting and other provisions.

Cooley previously advised Cardlytics on its $500.5 million public offering in March 2021$200 million convertible note offering in September 2020 and $76 million initial public offering in April 2018.

About Cooley LLP

Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law.

Cooley has nearly 1,400 lawyers across 18 offices in the United States, Asia and Europe, and a total workforce of more than 3,000.

This content is provided for general informational purposes only, and your access or use of the content does not create an attorney-client relationship between you or your organization and Cooley LLP, Cooley (UK) LLP, or any other affiliated practice or entity (collectively referred to as “Cooley”). By accessing this content, you agree that the information provided does not constitute legal or other professional advice. This content is not a substitute for obtaining legal advice from a qualified attorney licensed in your jurisdiction and you should not act or refrain from acting based on this content. This content may be changed without notice. It is not guaranteed to be complete, correct or up to date, and it may not reflect the most current legal developments. Prior results do not guarantee a similar outcome. Do not send any confidential information to Cooley, as we do not have any duty to keep any information you provide to us confidential. This content may be considered Attorney Advertising and is subject to our legal notices.