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SPAC Gesher Acquisition II files for a $125 million IPO, targeting Israeli businesses

January 28, 2025
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Gesher Acquisition II, a blank check company targeting Israeli businesses with international operations, filed on Tuesday with the SEC to raise up to $125 million in an initial public offering.

The Denver, CO-based company plans to raise $125 million by offering 12.5 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50.

Gesher Acquisition II is led by CEO and Director Ezra Gardner, co-founder and Partner of Israel-focused investment firm Varana Capital. The SPAC plans to target businesses located in Israel, particularly those that conduct business internationally in Asia, Europe or North America.

Management's previous SPAC, Gesher I Acquisition, went public in 2021 and completed its combination with Spain-based digital freight marketplace Freightos (CRGO; -64% from $10 offer price) in January 2023.

Gesher Acquisition II was founded in 2024 and plans to list on the Nasdaq under the symbol GSHRU. BTIG is the sole bookrunner on the deal.