ISRL signs non-binding LOI to acquire Gadfin Aero-Logistics, an Israeli drone delivery firm

Israel Acquisitions Corp

Non-binding LOI for business combination with Gadfin Aero-Logistics signed on Oct 16, 2024.
Gadfin focuses on all-weather drone delivery of medical supplies using hydrogen fuel cells.
Definitive business combination agreement expected to be executed in Q4 2024.
Transaction would bring Gadfin's technology to Nasdaq via ISRL SPAC merger.

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