Gesher Acquisition II, a blank check company targeting Israeli businesses with international operations, raised $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. He is joined by CFO and Director Sagi Dagan. 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) in January 2023.
Gesher Acquisition II plans to list on the Nasdaq under the symbol GSHRU. BTIG acted as sole bookrunner on the deal.
