Israel Acquisitions Corp and Gadfin $200M Drone Deal

Israel Acquisitions Corp. Class A ( (ISRL) ) has shared an announcement.

On January 26, 2025, Israel Acquisitions Corp and Gadfin Ltd. entered into a business combination agreement valued at up to $200 million, aiming to list Gadfin on Nasdaq. This transaction positions Gadfin to leverage its innovative drone technology and expand in the drone logistics industry, potentially enhancing its market presence and operational capabilities. The agreement is anticipated to close in the second half of 2025, subject to customary closing conditions, and is seen as a strategic move to capitalize on growth opportunities in the U.S. and globally.

More about Israel Acquisitions Corp. Class A

Gadfin Ltd. is an Israeli technology company specializing in long-range, heavy-duty drone delivery using hydrogen fuel cells. Their drones are capable of operating in harsh weather conditions and are designed for essential cargo transport, including medical supplies. Gadfin’s proprietary technology aims to revolutionize logistics delivery, offering efficient, sustainable solutions to sectors like healthcare and industrial supply chains.

YTD Price Performance: 0%

Average Trading Volume: 23,737

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $145.6M

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