Israel Acquisitions Corp. Announces Business Combination with Gadfin Ltd.
January 27, 2025
Israel Acquisitions Corp. (a Nasdaq-listed SPAC) and Israeli drone company Gadfin Ltd. entered into a definitive business combination agreement that values Gadfin's equity at up to $200 million. The transaction will take Gadfin public on Nasdaq, providing capital to scale its hydrogen-powered, long-range cargo drones and pursue global expansion across healthcare, logistics and defense end markets.
- Buyers
- Israel Acquisitions Corp.
- Targets
- Gadfin Ltd.
- Industry
- Aerospace & Defense
- Location
- Israel
- Transaction Type
- Buyout
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