SPAC

20 stories about SPAC
צבי שרייבר מנכ"ל פרייטוס

Freightos lists on Nasdaq via SPAC merger at a $500 million post money valuation

26.01.23|James Spiro
The freight booking and payment platform raised over $80 million in capital through the transaction, including $10 million from Qatar Airways and $60 million from M&G Investments and The Prudential Assurance Company
וול סטריט

The SPACtivism Era: Why Wall Street wolves are collecting shares in young high-tech companies

22.12.22|Sophie Shulman
Seasoned Wall Street traders are taking advantage of companies issued through SPACs, looking to make easy profits from mostly small and inexperienced tech companies
הנפקת טוקספייס בנאסד"ק 2021

Talkspace - value destruction created by greed for a big and quick exit

27.11.22|Sophie Shulman
The case of the online mental therapy company founded by Roni & Oren Frank is particularly bleak. This is how Talkspace went from being a promising startup and a SPAC merger at a $1.4 billion valuation, to a sale to American Well at a seventh of the value
הדמיית רכב אוטונומי

Newsight Imaging to merge with SPAC at $215 million valuation

31.08.22|CTech
The Israeli semiconductor company develops 3D machine vision sensors and spectral vision chips and will go public on Nasdaq as early as the fourth quarter of the year
בן וולקוב  מייסד משותף ומנכל Otonomo

Otonomo to lay off dozens of employees after losing over 90% of value

28.08.22|Sophie Shulman
Just a year after it went public via a SPAC merger at a value of $1.26 billion, Israeli autotech company Otonomo has seen its market cap plummet to a mere $62 million
כנס פורום היוניקורנס 2022 גיל שויד מייסד משותף ומנכ"ל Check Point

Gil Shwed: "I'm optimistic about Check Point, but no one is immune today"

03.08.22|Sophie Shulman
The Israeli cyber giant beat the forecasts and registered 9% growth in the second quarter - 2X the growth rate in the corresponding period
מייסדי פאגאיה מימין אביטל פרדו יהב יולזרי ו גל קרובינר - חדש

Pagaya rally shows no signs of slowing, breaches $20 billion valuation for the first time

03.08.22|Sophie Shulman
The fintech company has seen its valuation surge tenfold in two weeks and became Israel’s highest-valued company at one stage on Tuesday
פאגאיה הנפקה נאסד"ק

Is Pagaya the new GameStop?

24.07.22|Sophie Shulman
The fintech company's stock, which plunged by 85% after merging with a SPAC, has suddenly been revived, surging back almost to its original value. Why? Likely due to speculators, who specialize in intraday trading in stocks with low liquidity
יונתן נתן מיתר עורכי דין

SPAC is back: Surprising new opportunities

04.07.22|Jonathan M. Nathan
"Despite all of the negative talk, democratization of the U.S. capital markets that can be facilitated by the SPAC wave, continues, thus allowing smaller Israeli tech companies to go public," writes Jonathan M. Nathan of Meitar Law Offices
יוני אסיא על רקע משרדי חברת אי טורו eToro ב בני ברק

eToro abandons SPAC merger, targeting $1 billion funding round instead

03.07.22|Sophie Shulman
The dramatic drop in the valuations of tech companies and increased oversight by the U.S. SEC meant the company was better off canceling the merger and remaining private
פאגאיה הנפקה נאסד"ק

Pagaya focused on long-term goals despite dejecting opening day on Nasdaq

23.06.22|Sophie Shulman
The Israeli fintech company saw its shares plummet on its first day on Wall Street after completing its SPAC merger at an $8.5 billion valuation
מייסדי פאגאיה מימין אביטל פרדו יהב יולזרי ו גל קרובינר

Fintech unicorn Pagaya to complete SPAC merger despite turmoil

19.06.22|Sophie Shulman
The company, valued at $8.5 billion, is set to begin trading on Nasdaq later this week after shareholders of SPAC EJF Acquisition Corp. voted in favor of the combination
ערן שוסט מנכ"ל ומייסד משותף Splitty כנס פינטק 2019

Travel booking platform Holisto merging with SPAC at $405 million valuation

14.06.22|CTech
The Israeli startup’s online travel booking platform uses AI to analyze hotel rates and plans across multiple inventory sources to provide consumers with more personalized bookings
צבי שרייבר מנכ"ל פרייטוס

Freight digital booking and payment platform Freightos to merge with SPAC at $435 million valuation

01.06.22|CTech
The Israeli startup’s platform serves over 10,000 importers/exporters, 3,500 freight forwarders and 200 carriers, enabling hundreds of thousands of international freight bookings annually
אילן פז מנהל ברקליס ישראל

The SPACs are dead, but what about the zombies stuck in the middle?

23.05.22|Sophie Shulman
Those who managed to complete the merger became public, in contrast to the "zombies", companies that are in the process of merging with a SPAC, but are unable to complete it
יוני אסיא על רקע משרדי חברת אי טורו eToro ב בני ברק

eToro targeting $1 billion funding round after SPAC stalls

23.05.22|Sophie Shulman
While it continues to work to complete the SPAC merger, eToro is also in advanced stages of completing a massive private funding round of between $800 million and $1 billion. However, the valuation of the company in the round is set to only be around $5-6 billion
מייסדי פאגאיה מימין אביטל פרדו יהב יולזרי ו גל קרובינר

Pagaya reaches $475 million in annual revenue, on course to go public in Q2 at $8.5 billion valuation

07.04.22|CTech
The Israeli fintech company announced that it registered growth of 379% year-on-year and that it has filed its registration statement with the SEC as its closes on its SPAC merger with EJF Acquisition Corp
אייל משה מנכ"ל Hub Security

Israeli cybersecurity startup HUB Security merging with SPAC at $1.28 billion valuation

23.03.22|CTech
HUB provides advanced encrypted computing solutions for companies and organizations aiming to prevent hostile intrusion and exposure of sensitive data
מונית גט Gett מוסקבה רוסיה

Gett cancels SPAC merger, exiting Russian market

11.03.22|Meir Orbach
The Israeli-founded ground travel company said that recent market volatility led to the decision to call off the merger with Rosecliff Acquisition Corp I, but it didn’t detail the reasons for its departure from Russia