Blank-check company announces business merge with Gadfin Aero-Logistics
TEL AVIV – Israel Acquisitions Corp. (NASDAQ:ISRL), a blank-check company, announced today its plans for a proposed business combination with Gadfin Aero-Logistics Systems, an Israeli technology firm specializing in unmanned aerial delivery systems. The non-binding letter of intent reveals intentions to merge, potentially revolutionizing the logistics of medical supply delivery, especially in challenging environments.
Gadfin has developed patented technology for drones powered by hydrogen fuel cells, capable of operating in adverse weather conditions and delivering necessary supplies to remote and high-risk areas. This innovation aligns with Israel’s reputation for leading-edge technology, particularly in the field of unmanned vehicles.
Izhar Shay, Executive Chairman of Israel Acquisitions Corp., expressed optimism about the partnership, highlighting Gadfin’s potential to transform the delivery speed of critical supplies. Gadfin’s CEO, Eyal Regev, shared the enthusiasm, noting that the public listing on Nasdaq markets would accelerate production and fulfill existing backlog orders, extending the technology’s reach to hospitals and other civil areas in need.
The definitive Business Combination Agreement is anticipated to be finalized in the fourth quarter of 2024, with further details to be disclosed at that time. Israel Acquisitions Corp. is strategically focused on merging with high-growth technology companies based in Israel or with significant Israeli connections.
This press release contains forward-looking statements regarding the proposed transaction and the future operations of the companies. These statements are subject to various conditions and risk factors, many of which are beyond the companies’ control. There is no assurance that the proposed transaction will be completed as described or at all. The information is based on a press release statement, and no obligation to update these statements post-release is assumed.
Read more about Israel Acquisitions Corp here https://israelacquisitionscorp.com/
https://couriernews.co.uk/blog/israel-acquisitions-corp-merges/