Israel Acquisitions in an amended S-1 filed today said it will now offer 15 million units at $10 each, down from 20 million initally registered with the SEC in March. A unit now consists of one Class A ordinary share and a warrant. The initial registration listed each unit with half-warrants and a right, now eliminated, that would have been good for one-tenth of a share.
The 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.
