Israel Acquisitions, a blank check company targeting Israeli or Israel-related tech businesses, raised $125 million by offering 12.5 million units at $10. Each unit contains one share of common stock and one warrant, exercisable at $11.50.
Israel Acquisitions is led by CEO and Director Ziv Elul, co-founder and former CEO of adtech company Inneractive, and Chairman Izhar Shay, a venture partner at Disruptive AI, Chairman of Kendago, and Israel's former Minister of Science and Technology. The company plans to focus 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.
Israel Acquisitions plans to list on the Nasdaq under the symbol ISRLU. BTIG acted as sole bookrunner on the deal.
