Israel Acquisitions Corp signs definitive business combination with Gadfin Ltd at ~$200M equity value

Israel Acquisitions Corp

Gadfin equity holders to receive ~$200M in NewPubco shares; value drops to $150M if deferred revenue < $4.5M at close.
Minimum cash condition: aggregate proceeds must be at least $15M for closing to occur.
IAC shareholders to receive one NewPubco share per IAC Class A share; termination date Dec 31, 2025.
Termination fee of $10M payable by Gadfin for superior proposal or by IAC for breach; lock-up of 6 months for certain shares.
PIPE investment to raise additional capital; all closings subject to regulatory and shareholder approvals.

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