Israel Acquisitions Equties Warrants Exp 12 Dec 2027 - ISRLW STOCK NEWS

Israel Acquisitions Corp. (NASDAQ: ISRL) has signed a non-binding letter of intent for a proposed business combination with Gadfin Aero-Logistics Systems, an Israeli technology company specializing in all-weather unmanned aerial delivery for necessary cargo such as medical supplies. Gadfin's patented technology uses Hydrogen Fuel cell-powered unmanned aerial vehicles capable of delivering cargo to long-range destinations in harsh weather conditions, improving logistics in both combat zones and civil applications.

Izhar Shay, Executive Chairman of Israel Acquisitions Corp., highlighted the potential of Gadfin's technology to revolutionize the speed of delivery for medical supplies and important cargo, including in high-risk areas. Eyal Regev, Gadfin CEO, expressed excitement about the partnership and the opportunity to accelerate production and bring new models to market. The definitive Business Combination Agreement is expected to be announced in the fourth quarter of 2024.

Israel Acquisitions Corp (NASDAQ: ISRL) and Pomvom (TASE: PMVM) have mutually terminated their Business Combination Agreement due to changing global market conditions. The decision was announced on August 22, 2024, with both parties agreeing to waive any claims against each other, except for violations of the Termination Agreement or confidentiality obligations.

The chairmen of both companies stated that the current state of capital markets does not allow the transaction to proceed under the originally agreed financial parameters. To avoid additional expenses for both parties, they decided to terminate the deal in good spirit.

Israel Acquisitions Corp and Pomvom have submitted a draft registration statement to the SEC for their proposed business combination. The statement includes a preliminary proxy statement/prospectus related to the Business Combination Agreement between the two companies. Present Experience is also involved in the transaction.

Israel Acquisitions Corp. (NASDAQ: ISRL) and Pomvom Ltd. (TASE: PMVM) have announced a definitive business combination agreement at a total equity value for Pomvom of $125 million USD. The combined company will trade on the Nasdaq, leveraging Pomvom's leading technology augmented with the expertise of the ISRL team. Pomvom serves many of the largest theme park and attraction operators globally, with strategic long-term agreements signed in 2023 with Warner Bros. and Six Flags. Pomvom's launch of digital content across its partner sites is expected to accelerate long-term growth, with a 139% growth in revenues from its digital platform for the nine months ending September 2023.