Israel Acquisitions Corp Announces Pricing of $125 Million Initial Public Offering
13 Janvier 2023 - 3:00PM
Israel Acquisitions Corp (the “Company”) today announced the
pricing of its initial public offering of 12,500,000 units at a
price of $10.00 per unit. The units will be listed on the Nasdaq
Global Market (“Nasdaq”) and trade under the ticker symbol “ISRLU”
beginning on January 13, 2023. Each unit consists of one Class A
ordinary share and one redeemable warrant. Each warrant entitles
the holder to purchase one Class A ordinary share of the Company at
a price of $11.50 per share. Once the securities comprising the
units begin separate trading, the Class A ordinary shares and
warrants are expected to trade on Nasdaq under the symbols “ISRL”
and “ISRLW,” respectively. The offering is expected to close on
January 18, 2023, subject to customary closing conditions.
Israel Acquisitions Corp is a Cayman Islands
exempted company incorporated as a blank-check company formed for
the purpose of entering into a merger, share exchange, asset
acquisition, stock purchase, recapitalization, reorganization or
similar business combination with one or more businesses or
entities. The Company intends to focus on high-growth technology
companies that are domiciled in Israel, and that either carry out
all or a substantial portion of their activities in Israel or have
some other significant Israeli connection. The management team is
led by Chairman, Izhar Shay, Chief Executive Officer, Ziv Elul, and
Chief Financial Officer, Sharon Barzik Cohen.
BTIG, LLC is acting as the sole book-running
manager for the offering. Exos Securities LLC and JonesTrading
Institutional Services LLC are acting as co-managers for the
offering. The Company has granted the underwriters a 45-day option
to purchase up to 1,875,000 additional units at the initial public
offering price to cover over-allotments, if any.
The Company’s public offering is being made only
by means of a prospectus. When available, copies of that prospectus
may be obtained from BTIG, LLC, 65 East 55th Street, New York, NY
10022, or by e-mail at ProspectusDelivery@btig.com.
A registration statement relating to the
securities was declared effective by the U.S. Securities and
Exchange Commission (the “SEC”) on January 12, 2023. This press
release shall not constitute an offer to sell or the solicitation
of an offer to buy, nor shall there be any sale of these securities
in any state or jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under
the securities laws of any such state or jurisdiction.
Forward Looking Statements
This press release contains statements that
constitute “forward-looking statements,” including with respect to
the initial public offering and search for an initial business
combination. No assurance can be given that the offering discussed
above will be completed on the terms described, or at all, or that
the proceeds of the offering will be used as indicated.
Forward-looking statements are subject to numerous conditions, many
of which are beyond the control of the Company, including those set
forth in the Risk Factors section of the Company’s registration
statement for the initial public offering filed with the SEC.
Copies are available on the SEC’s website, www.sec.gov. The
Company undertakes no obligation to update these statements for
revisions or changes after the date of this release, except as
required by law.
Contact Info:Alex Greystokealex@israelspac.com800-508-1531
Israel Acquisitions (NASDAQ:ISRLU)
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