secwatch.observer — SEC 8-K summary
======================================

Issuer:     Israel Acquisitions Corp (ISRLF)
CIK:        0001915328
Form:       8-K
Filed at:   2023-01-24T23:59:59+00:00
Accession:  0001104659-23-006193
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1915328/000110465923006193/0001104659-23-006193-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1915328/000110465923006193/tm234176d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-006193

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer