Keter1 Acquisition registered with the SEC to raise $250 million through an offer of 25 million units at $10 each. A unit consists of one Class A ordinary share and one-third of a redeemable warrant. Each whole warrant is exercisable at $11.50 for one share.
The new SPAC is focused on technology companies in Israel, launched by Israeli founders, and/or with significant operations in Israel, or significant Israeli investors.
Keter1 is led by CEO and Chairman Oren Dobronsky, a serial entrepreneur and among the most recognized pioneers of the Internet industry in Israel. Dobronsky in 1999 co-founded Hotbar.com, the first company to commercialize a browser toolbar.
The SPAc will apply to list on the Nasdaq under KETAU. Read more.
