Israel Acquisitions Prices $125M IPO

Israel Acquisitions priced its initial public offering of 12.5 million units at $10 each. Units began tading today on the Nasdaq under symbol ISRLU. Each consists of Class A ordinary share and a warrant.

Once the securities begin separate trading, shares and are expected to list under the symbols ISRL and ISRLW. The offering is expected to close Jan. 18.

Israel Acquisition trimmed the offering twice before pricing. The SPAC initially registered to offer 20 million units in March 2022.

The SPAC is focused on high-growth technology companies that are domiciled in Israel, that carry out all or a substantial portion of their activities in Israel, or that have some other significant Israeli connection.

CEO and Director Ziv Elul in 2017 co-founded Inneractive, an independent automated mobile platform with marketplace exchange capabilities and focused on powering video ads. He served as CEO of Inneractive until its acquisition by Fyber N.V., a global provider of monetization platforms for mobile publishers. 

BTIG is sole book-running manager of the offering. Exos Securities and JonesTrading are co-managers. Read more.

Source: Israel Acquisitions Prices 5M IPO