Company Summary: Israel Acquisitions Corp

Overview:

• Israel Acquisitions Corp is a newly organized blank check company (Special Purpose Acquisition Company - SPAC) incorporated on August 24, 2021, under the laws of the Cayman Islands.
• The company aims to effectuate a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more target companies.
• The focus is on high-growth Israeli technology companies, especially those with a substantial Israeli connection or operational presence.

Business Focus and Strategy

• Target Industry Sectors:

  • Cloud computing
  • Cybersecurity
  • Deep or hard technology
  • E-commerce
  • Electric Vehicle (EV) technology
  • Energy technology
  • Financial Technology (FinTech)
  • Food and agriculture technology
  • Gaming
  • Quantum computing
  • Space and satellite technology

• Target Criteria:

  • Enterprise valuation between $800 million and $1.5 billion (or $150-200 million if certain revenue benchmarks are not met).
  • High growth with double-digit annual revenue increase over at least three years.
  • Companies with international and significant global revenue (over 50% outside Israel).
  • Strong management teams with a proven track record.
  • Demonstrated ability to execute growth strategies.
  • Need for additional capital to accelerate growth through public markets.

• Target Business Development:

  • Focus on Israeli companies benefiting from Israeli R&D strengths, government incentives, and a robust venture capital environment.
  • Israeli tech ecosystem has over 100 companies listed on US exchanges, with a collective market cap over $150 billion.
  • In 2024, Israeli tech companies raised approximately $9.6 billion across 453 deals.

Initial Public Offering & Capital Raise

• Offering Details:

  • 14,375,000 units at $10.00 per unit (including over-allotment exercise of 1,875,000 units).
  • Gross proceeds: $143.75 million.
  • Each Unit: 1 Class A ordinary share + 1 redeemable warrant.

• Private Placement:

  • Sold simultaneously with the IPO, private placement units to sponsors and institutional investors, totaling 637,500 units at $10.00 each.
  • Proceeds of private placements: additional funds to the company.

• Funds in Trust:

  • Around $146.6 million from IPO proceeds deposited in a Trust Account, invested in U.S. government securities, intended for use in completing the initial business combination.

Business Transaction & Future Plans

• Business Combination:

  • Entered into a Business Combination Agreement on January 26, 2025, with Gadfin Ltd., an Israeli company specializing in hydrogen-powered drones for logistics and cargo delivery.
  • Gadfin provides long-range, heavy-duty, zero-emission aerial cargo delivery solutions, targeting sectors like healthcare, logistics, industrial supply chains, urban, and remote areas.

• Target Valuation & Transaction Terms:

  • Expected total consideration: approximately $200 million (if deferred revenue exceeds $4.5 million) or $150 million (if not).
  • Gadfin will undergo a share split, and shareholders will receive NewPubco Ordinary Shares in "exchange" for Gadfin equity interests.

Management & Strategic Advantages

• Leadership Team:

  • Experienced in high-growth and public companies, mergers & acquisitions, and Israeli tech ecosystem.
  • Key executives include:
    • Ziv Elul: CEO, with experience in digital advertising startups and acquisitions.
    • Sharon Barzik Cohen: CFO, with prior CFO roles at Dell EMC and N-trig.
    • Board Members: Including Izhar Shay (Chairman), Roy Zisapel, Daniel Recanati, Candice Beaumont, Peter Cohen, and others.

• Competitive Strengths:

  • Proven track record of team members in growing tech companies.
  • Strong connections within the Israeli tech ecosystem—relationships with venture capital, executives, and public company leadership.
  • Focus on high-growth sectors with potential for global scale.

Additional Company Details

• Employees:

  • Currently, the company has three executive officers.
  • No full-time employees prior to completing a business combination, with management dedicating effort as needed.

• Revenues & Income:

  • The company has generated no revenues to date.
  • It does not expect to generate operating revenues until after completing its initial business combination.

• Legal & Regulatory:

  • Listed on Nasdaq (Units, Class A Ordinary Shares, Warrants).
  • No material litigation or legal proceedings pending.
  • Incorporated under Cayman Islands law, with a focus on Israeli technology targets.

Summary:
Israel Acquisitions Corp is a Cayman Islands-based SPAC focusing on acquiring high-growth Israeli technology companies. It has raised $143.75 million through an initial public offering, with additional funds from private placements, aiming to complete a business combination with Gadfin Ltd., a pioneering Israeli drone logistics company. The company has no current revenues or income, and its management team possesses extensive experience in high-growth tech sectors and Israeli ecosystem relationships.