Gesher I Acquisition registered to offer 10 million units at $10 each. A unit consists of one ordinary share and one-half of one warrant. Each whole warrant is exercisable at $11.50 per share.
The new SPAC in the filing said the target strategy “draws on our unique access to Israeli companies where our management team’s relationships are the deepest and they have a long-term track record of completing successful transactions.”
Gesher is led by CEO and Director Ezra Gardner, partner and founder of investment firm Varana Capital.
EarlyBirdCapital is sole book-running manager. The underwriters have the option to purchase up to an additional 1.5 million units to cover over-allotments, if any.
The SPAC has applied to list on the Nasdaq under GIACU. Read more.