Israel Acquisitions Corp Announces Closing of Initial Public Offering
18 Gennaio 2023 - 10:00PM
Israel Acquisitions Corp (the “
Company”) today
announced the closing of its initial public offering of 14,375,000
units at a price of $10.00 per unit. Each unit consists of one
Class A ordinary share and one redeemable warrant, with
each warrant exercisable to purchase one Class A ordinary share at
a price of $11.50 per share. Only whole warrants will be
exercisable. As previously announced, the underwriters exercised
their over-allotment option in full for an additional 1,875,000
units. As a result, the aggregate gross proceeds of the offering,
including the over-allotment, are $143,750,000, prior to deducting
underwriting discounts, commissions and other offering expenses.
The Company’s units began trading on the The Nasdaq Stock Market
LLC (“Nasdaq”) on January 13, 2023 under the
ticker symbol “ISRLU.” Once the securities comprising the units
begin separate trading, the Class A ordinary shares and
warrants are expected to be listed on the Nasdaq under the symbols
“ISRL” and “ISRLW,” respectively.
BTIG, LLC acted as the sole book-running manager for the
offering. Exos Securities LLC and JonesTrading Institutional
Services LLC acted as co-managers for the offering.
The offering was made only by means of a prospectus. Copies of
the prospectus relating to this offering 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 these 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.
About Israel Acquisitions Corp
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.
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: Alex
Greystokealex@israelspac.com800-508-1531
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