Israel Acquisitions Corp. Announces Exercise of Full Overallotment Option from Initial Public Offering
January 17 2023 - 6:00AM
Israel Acquisitions Corp. (the "Company") announced today the
exercise of the over-allotment option granted to the underwriters
in the Company's initial public offering which upon closing, will
result in $146,625,000 ($10.20 per share) being deposited into a
U.S.-based trust account for the benefit of holders of the Class A
ordinary shares.
The Company's units were listed on the Nasdaq
Global Market ("Nasdaq") under the ticker symbol "ISRLU” on January
13, 2023. Each unit consists of one Class A ordinary share and
one warrant, each whole warrant entitling the holder thereof to
purchase one Class A ordinary share at a price of $11.50 per
share. Only whole warrants are exercisable and will trade. Once the
securities comprising the units begin separate trading, the Class A
ordinary shares and warrants are expected to be listed on
Nasdaq under the symbols "ISRL” and "ISRLW,” respectively. BTIG,
LLC is acting as the sole book-running manager for the offering.
Exos Securities LLC and JonesTrading Institutional Services LLC are
acting as co-managers for the offering. The Company’s public
offering is being made only by means of a prospectus. When
available, copies of that prospectus may be obtained from BTIG,
LLC, 65 East 55th Street, New York, NY 10022, or by e-mail
at ProspectusDelivery@btig.com.
A registration statement relating to the
securities was declared effective by the U.S. Securities and
Exchange Commission (the “SEC”) on January 12, 2023. This press
release shall not constitute an offer to sell or the solicitation
of an offer to buy, nor shall there be any sale of these securities
in any state or jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under
the securities laws of any such state or jurisdiction. The initial
public offering is expected to close, subject to the satisfaction
of closing conditions, on January 18, 2023.
About Israel Acquisitions Corp.
Israel Acquisitions Corp. is a Cayman Islands exempted company
incorporated as a blank-check company formed for the purpose of
entering into a merger, share exchange, asset acquisition, stock
purchase, recapitalization, reorganization or similar business
combination with one or more businesses or entities. The Company
intends to focus on high-growth technology companies that are
domiciled in Israel, and that either carry out all or a substantial
portion of their activities in Israel or have some other
significant Israeli connection. The management team is led by
Chairman, Izhar Shay, Chief Executive Officer, Ziv Elul, and Chief
Financial Officer, Sharon Barzik Cohen.
Forward Looking Statements This
press release contains statements that constitute “forward-looking
statements,” including with respect to the initial public offering.
Forward-looking statements are subject to numerous conditions,
including the satisfaction of closing conditions and others which
are beyond the control of the Company, including those set forth in
the Risk Factors section of the Company’s registration statement
for the initial public offering filed with the SEC. Copies are
available on the SEC’s website, www.sec.gov. The Company
undertakes no obligation to update these statements for revisions
or changes after the date of this release, except as required by
law.
Contact Info: Alex Greystoke alex@israelspac.com
800-508-1531
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