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SPAC

20 stories about SPAC
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
מגזין עצמאות 4.5.22 איור תנו לגדול בשקט

Suddenly everyone wants to be a Soonicorn

08.05.22|Sophie Shulman
The current reality is teaching everyone that before pushing a startup to become a unicorn, it must be taught to gallop, that is, to generate revenue and profits and be a business, not just a company. This new animal, which shows maturity and responsibility, even has an excellent name: Soonicorn, "Soon to be Unicorn"
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
יואל גת מייסד גילת לוויינים

SatixFy to merge with SPAC at $813 million valuation

08.03.22|Meir Orbach
The Israeli company designs its own chips, codes its own software and builds its own modem and digital beamforming antenna products that it then sells to satellite industry players
הנפקת קלטורה

From a unicorn to a penny stock in 180 days

17.01.22|Sophie Shulman
Several of the Israeli companies that hit Wall Street at 10-figure valuations last year have seen their share price plummet to such an extent that they could soon find themselves in the unenviable position of being considered speculative
רונן אסיא ו יוני אסיא מייסדי eToro

eToro's valuation dips over 15% to $8.8 billion after amended SPAC deal

02.01.22|Reuters and CTech
The deadline for the Israeli fintech company’s merger with the Betsy Cohen-backed blank-check company has been pushed to the end of June 2022 after being initially announced in March 2021
רונן אסיא ו יוני אסיא מייסדי eToro

eToro SPAC merger delayed again. Is the trading platform still worth $10 billion?

12.12.21|Sophie Shulman
The trading platform will not complete its SPAC merger by the end of the year, which means investors can withdraw their funds. Will the Israeli company have to slash its valuation?
מייסדיClimaCell מימין שמעון אלקבץ רעי גופר איתי זלוטניק

Weather security platform Tomorrow.io to go public in $1.2 billion SPAC deal

07.12.21|Reuters and CTech
The deal with special purpose acquisition company Pine Technology Acquisition Corp, which is expected to close in the first half of 2022, will fetch up to $420 million in proceeds for the Israeli-founded company
Gett גט

Gett announces $1 billion SPAC merger

10.11.21|CTech
The Israeli-founded company has been looking into going public for the past two years, with its CEO already saying back in 2019 that it plans to do so by the end of that year
טיפול מוסך רכב תיקון

Traffilog, SafeRide negotiating $1 billion SPAC merger

09.11.21|Golan Hazani
The newly-merged Israeli autotech company is in advanced negotiations to go public in the U.S. by merging with a SPAC
עזרא גרדנר

"The SPAC tool is misused, the market for PIPEs is dead”

06.11.21|Sophie Shulman
“We have databases on dozens of Israeli companies that are SPAC-ready, perhaps not with multi-billion dollar valuations, but certainly half a billion to a billion dollars,” says Ezra Gardner, who raised $115 million for the Gesher I Acquisition Corp. SPAC, which is seeking to merge with an Israeli tech company
Gett גט

Gett closing on $1.3 billion SPAC merger

10.10.21|Golan Hazani
The global corporate ground travel company is in the midst of completing the PIPE investments, estimated to be in the region of $150-200 million
גדעון בן צבי קרן ארטיסטאגורה Aristagora

Automotive chipmaker Valens enters NYSE after completing $1.1 billion SPAC merger

30.09.21|CTech
The transaction between the Hod Hasharon-headquartered company and PTK Acquisition Corp. ultimately generated approximately $155 million of gross proceeds, well short of the expected $240 million
מייסדי פאגאיה מימין אביטל פרדו יהב יולזרי ו גל קרובינר

Israeli fintech startup Pagaya seals $8.5 billion SPAC merger

15.09.21|Golan Hazani
Pagaya is set to receive $488 million in the merger, $288 million raised previously by the SPAC and $200 million in PIPE investments
הנפקת היפו משמאל המנכ"ל אסף וונד CFO סטיוארט אליס

Israeli unicorns paying painful price for SPAC fine print

05.09.21|Sophie Shulman
Seven of the nine Israeli companies to have completed a SPAC merger to date are trading at a lower valuation than that with which they entered Wall Street
Neil Shah Len Rosen Evercore

SPAC devaluations are not a cause for concern, says Evercore

03.09.21|James Spiro
Neil Shah has been involved in some of the world’s biggest SPAC deals - and he’s telling us not to worry
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