Gesher I Acquisition in a regulatory filing said it received a $250,000 loan from its sponsor, which may convert any portion into warrants exercisable at $11.50.
Gesher I has a merger agreement with Israel-based Freightos, a global freight booking and payment platform. The deal has a pro forma enterprise value of approximately $435 million.
The business combination is projected to generate gross proceeds of at least $80 million (and up to $166 million depending on redemptions). Read more.
