Israel Acquisitions Corp. priced its $125 million IPO and its units began trading on the Nasdaq under the symbol “ISRLU” Friday, January 13, 2023.
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.
Total SPAC deal count for 2023 year-to-date is now 1. This offering is expected to close on Wednesday, January 18.
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. Proskauer Rose LLP is serving as Issuer’s Counsel with Kirkland & Ellis LLP serving as Underwriter’s Counsel. BDO USA, LLP serves as auditor. American Stock Transfer & Trust Company is acting as trustee.
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