ISRL SPAC to merge with Pomvom at $125M equity; aims for Nasdaq, 30% revenue growth, positive EBITDA in 2024

Israel Acquisitions Corp

Total equity value for Pomvom $125M; Pomvom shareholders to receive NewPubco ordinary shares.
Pomvom 2022 revenues ~NIS 192.7M ($57.4M); digital platform revenue grew 139% YoY to NIS 57M in 9M 2023.
Minimum cash condition: at least $20M from business combination to close.
Pomvom serves Six Flags, Warner Bros., Merlin; target 47 sites by end of 2024, up from 38.
Goal: at least 30% top-line revenue growth and positive adjusted EBITDA in 2024.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Israel Acquisitions Corp entered into Business Combination Agreement with Pomvom Ltd. valued at approximately $125,000,000 (effective 2024-01-02).

Action: entry
Agreement: merger
Counterparty: Pomvom Ltd.
Value: approximately $125,000,000
Effective: 2024-01-02

Exact text from the filing

On January 2, 2024, Israel Acquisitions Corp, a Cayman Islands exempted company (the “ Company ” or “ IAC ”) and Pomvom Ltd., a company organized under the laws of the State of Israel (the “ Pomvom ”) entered into a business combination agreement (the “ Agreement ”),

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Israel Acquisitions Corp filing history →

Source: SEC EDGAR

accession 0001104659-24-000114

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