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Israel Acquisitions Corp terminates business combination agreement with Gadfin Ltd.
Business Combination Agreement with Gadfin terminated on June 22, 2026.
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Israel Acquisitions Corp extends Gadfin deal deadline to June 15, 2026
Sixth amendment to Business Combination Agreement signed May 31, 2026.
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Nasdaq delists Israel Acquisitions Corp; shareholders approve extension and redeem ~295K shares
Nasdaq delisting effective ~Jan 31, 2026; Form 25 filed Jan 21, 2026; securities now trade OTC Pink under ISLUF, ISRLF, ISRLW.
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Nasdaq to delist Israel Acquisitions Corp (ISRL); securities suspended since Dec 4, 2025
Nasdaq will delist Class A ordinary shares (ISRL), units (ISRLU), and warrants (ISRLW).
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Israel Acquisitions Corp waives $10k/month admin fee and $240k accrued fees from Sponsor
Sponsor waives $10,000 monthly administrative fee and $240,000 in accrued fees under Administrative Services Agreement.
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Nasdaq to delist Israel Acquisitions Corp on Dec 4 unless appeal filed
Received delisting notice on Nov 25, 2025; failed to regain compliance with $50M MVLS requirement by Nov 24 deadline.
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ISRL targets Gadfin for business combination in hydrogen eVTOL sector
ISRL finalized an investor presentation proposing a business combination with Gadfin, a hydrogen-powered eVTOL developer.
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ISRL enters advisory agreement with BTIG; Gadfin waives termination right over deferred underwriting fee deadline
BTIG will receive $500K cash from trust account plus 100K ISRL shares (exchanged for new Pubco shares at $10 each) as advisory fee.
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ISRL amends Gadfin merger: $180M equity value, adds termination right if underwriting fees not waived
Company equity value fixed at $180M; PCAOB default and threshold raised conditions removed.
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Israel Acquisitions Corp receives Nasdaq deficiency notice for MVLS below $50M
Nasdaq notified ISRL on May 28, 2025 that market value of listed securities was below $50M for 30 consecutive business days.
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Israel Acquisitions Corp signs definitive business combination with Gadfin Ltd at ~$200M equity value
Gadfin equity holders to receive ~$200M in NewPubco shares; value drops to $150M if deferred revenue < $4.5M at close.
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Israel Acquisitions extends deadline to Jan 2026; shareholders redeem ~$73M
Shareholders approved extension of business combination deadline from Jan 18 2025 up to 12 months to Jan 18 2026 per monthly extension.
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ISRL signs non-binding LOI to acquire Gadfin Aero-Logistics, an Israeli drone delivery firm
Non-binding LOI for business combination with Gadfin Aero-Logistics signed on Oct 16, 2024.
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Israel Acquisitions Corp and Pomvom Ltd. mutually terminate business combination agreement
Mutual termination of Business Combination Agreement between Israel Acquisitions Corp (ISRL) and Pomvom Ltd.
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Israel Acquisitions Corp shareholders approve extension to Jan 2025; ~$75.9M redeemed
Shareholders approved extension of business combination deadline up to 12 months to January 18, 2025.
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ISRL SPAC to merge with Pomvom at $125M equity; aims for Nasdaq, 30% revenue growth, positive EBITDA in 2024
Total equity value for Pomvom $125M; Pomvom shareholders to receive NewPubco ordinary shares.
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Israel Acquisitions Corp enters non-binding LOI to combine with Pomvom Ltd. at ~$125M valuation
Pomvom pre-money equity valuation ~$125M; final valuation subject to mutual agreement.
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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.