WebCargo
Were excited to announce that @Freightos is on its way to going public (ticker: FROS)!
The Freightos and WebCargo mission has always been to bring the trillion dollar freight industry online, and the recent global supply chain crisis brought a
new level of urgency for digital solutions.
The rapid adoption of Digital Air Cargo and WebCargos ability to connect thousands of forwarders and
hundreds of carriers has been an essential piece in how Freightos has responded to that need and provided an essential global freight booking platform, enabling hundreds of thousands of international freight bookings annually.
This merger will provide the company with critical growth capital to continue accelerating and developing. As Freightos Group CEO, @Zvi Schreiber writes,
Our combination with Gesher and access to public markets will allow Freightos to continue to aggressively scale our platform and lead as an international freight booking and payment tool of choice.
Freightos will be going public after merging with Gesher I Acquisition Corp. (NASDAQ: GIAC, Gesher), a special purpose acquisition company, at a
combined value of $425m.
For more details, you can read the press release here: https://www.freightos.com/release-spac-public-freightos
Disclaimer: https://www.freightos.com//investor-disclaimer
Zvi (with link to blog post)
Im incredibly proud
to announce that @Freightos will be going public through a combination with @Gesher!
When I first started Freightos ten years ago, the goal was clear.
Take the trillion dollar freight industry online, and streamline the global shipping process the same way Amazon did for e-commerce and Booking.com for passenger travel.
Of course, in the following years, the company has grown and changed in unimaginable and exciting ways. And now with the recent global supply chain crisis,
the need for industry digitization has never been more urgent and clear.
Going public on the NASDAQ will allow us to accelerate the growth of our
platformcurrently used by well over 10,000 importers/exporters, 3,500 freight forwarders and 200 carrierswhile bringing about increased transparency and stability, which is essential in our position as the worlds leading
vendor-agnostic booking platform.
You can read more about this move in my blog post here: https://www.freightos.com/freightos-is-going-publicand-how-we-got-here