Israel Acquisitions said it filed a confidential registration statement with the SEC outlining its proposed merger with Pomvom Ltd., a technology company developing and providing experiential content to amusement parks and attractions.
The SPAC said it also amended the merger agreement with Pomvom extends the deadline for the benchmark analysis to June 30 and the minimum equity financing proceeds termination date to Aug. 31.
The deal was announced in January at an equity value of $125 million. The SPAC signed an LOI with Pomvom last October.
The target is a digital platform that connects guests to media of themselves captured by amusement park or venue cameras. Pomvom serves many of the largest theme park and attraction operators globally, including Six Flags, Warner Bros., and Merlin Entertainment.
Israel Acquisitions raised $125 million in a January 2023 IPO. Read more.
