Israel Acquisitions registered to offer 20 million units at $10 each. A unit consists of one Class A ordinary share, one right and one-half of a warrant. Each right entitles the holder to receive one-tenth of a share.
The new SPAC is focused 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.
CEO and Director Ziv Elul in 2017 co-founded Inneractive, an independent automated mobile platform with marketplace exchange capabilities and focused on powering video ads. He served as CEO of Inneractive until its acquisition by Fyber N.V., a global provider of monetization platforms for mobile publishers.
BTIG is sole book-running manager of the offering. Exos Securities and JonesTrading are co-managers.
The SPAC intends to apply for a Nasdaq listing under the symbol ISRLU. Read more.
