Israel Acquisitions Corp closes $143.75M IPO and $7.625M private placement; auditor notes going concern doubt

Israel Acquisitions Corp

IPO of 14,375,000 units at $10/unit includes full exercise of underwriters' over-allotment.
Private sale of 762,500 units to sponsor, BTIG, Exos Capital, and JonesTrading at $10/unit.
Total $146,625,000 placed in trust account at J.P. Morgan, equating to $10.20 per public unit.
Auditor's report includes going concern qualification; company has limited working capital outside trust.
Sponsor committed to extend working capital loans as needed; company must complete business combination within 12-18 months.

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