Israel Acquisitions in a regulatory filing said it entered into a non-binding letter of intent for a potential business combination with Pomvom Ltd., a company based in Israel, whose shares are listed on the Tel Aviv Stock Exchange.
The target is a digital platform that connects guests to media of themselves captured by theme park or venue cameras.
The company’s pre-money equity valuation in the transaction is expected to be approximately $125 million.
The parties have also established a minimum closing condition of $20 million.
The SPAC raised $125 million in a January IPO. Read more.
