Item 5.07 Submission of Matters to a Vote of Security Holders.

On November 17, 2022, ION Acquisition Corp 3 Ltd. (the "Company") held an extraordinary general meeting of shareholders (the "Extraordinary General Meeting"). At the Extraordinary General Meeting, a total of 24,204,546 (74.75%) of the Company's issued and outstanding ordinary shares held of record at the close of business on October 21, 2022, the record date for the Extraordinary General Meeting, were present either in person or by proxy, which constituted a quorum for the transaction of business. The Company's shareholders voted on the following proposals at the Extraordinary General Meeting, which are described in more detail in the definitive proxy statement of the Company filed with the Securities and Exchange Commission (the "SEC") on October 28, 2022 (as supplemented from time to time, the "Proxy Statement").

Proposal 1. The Charter Amendment Proposal - RESOLVED, as a special resolution, that the existing amended and restated memorandum and articles of association of the Company be and are hereby replaced in their entirety with the new second amended and restated memorandum and articles of association in the form set forth in Annex A of the accompanying proxy statement. The approval of this resolution is intended to constitute the adoption of a plan of complete liquidation of the Company for U.S. federal income tax purposes unless otherwise required by applicable law.





   For       Against   Abstain   Broker Non-Votes
24,204,546      0         0            N/A

Proposal 2. The Trust Amendment Proposal - RESOLVED, that, conditional upon the effectiveness of the second amended and restated memorandum and articles of association of the Company, the amendment to the Investment Management Trust Agreement, dated April 29, 2021 (the "Trust Agreement"), by and between the Company and Continental Stock Transfer & Trust Company, a New York limited purpose trust company, as trustee ("Continental"), pursuant to an amendment to the Trust Agreement in the form set forth in Annex B of the accompanying proxy statement, to change the date on which Continental must commence liquidation of the trust account established in connection with the Company's initial public offering to the date of the extraordinary general meeting be and is hereby authorized and approved.





   For       Against   Abstain   Broker Non-Votes
24,204,546      0         0            N/A

As there were sufficient votes to approve the above proposals, the "Adjournment Proposal" described in the Proxy Statement was not presented to shareholders.

Item 9.01 Financial Statements and Exhibits.





(d) Exhibits



Exhibit No.   Description
99.1            Press Release issued on November 17, 2022
104           Cover Page Interactive Data File (embedded within the Inline XBRL document)




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