ION Acquisition 2 priced its IPO of 22 million units at $10 per unit.
Units begin trading on the NYSE today under IACB.U. Each consists of one Class A ordinary share and one-eighth of one redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share at $11.50. After the securities comprising the units begin separate trading, shares and warrants are expected to list under IACB and IACB WS, respectively. The offering is expected to close Feb. 16.
The SPAC plans to target tech companies in Israel.
ION is led by Chairman Jonathan Kolber, who is also chairman of IACA. Mr. Kolber has extensive experience across the technology ecosystem in Israel and has served as Chairman, Chief Executive Officer and Director of over 80 public and private companies in Israel and North America.
ION 1 raised nearly $259 million last fall, and last month announced an agreement for a business combination with Taboola. Read more.
