Israel Acquisitions Corp
12.49+0.06 (+0.52%)
Oct 29, 4:00:00 PM EDT · NasdaqGM · ISRL · USD
Key Stats
Market Cap
79.34MP/E (TTM)
138.78Basic EPS (TTM)
0.09Dividend Yield
0%Recent Filings
8-K
ISRL secures BTIG waiver deal
Israel Acquisitions Corp inked a deal with BTIG on October 14, 2025, swapping a deferred underwriting commission for $500,000 cash and 100,000 shares valued at $10.00 each, payable upon closing its business combination with Gadfin Ltd. This arrangement, consented to by Gadfin, waives Gadfin's termination right under their January 2025 agreement and includes sponsor forfeiture of matching shares. BTIG gains a three-year right of first refusal for future SPAC IPOs. Yet risks like regulatory delays could derail the merger.
10-Q
Q2 FY2025 results
Israel Acquisitions Corp narrowed its Q2 operating loss to $349,125 from $293,681 a year earlier, yet net loss widened to $238,126 after dividend income dropped to $98,390 from $1,031,091, reflecting a smaller trust balance post-redemptions. Six-month net loss of $171,473 contrasts with $1,314,747 income last year, driven by lower interest yields on the shrunken $9.6M trust. Redemptions slashed shares outstanding to 798K redeemable Class A, but the SPAC extended its merger deadline to January 2026 via sponsor notes totaling $1.55M. Cash outside trust sits at $57K, with a $2.1M working capital deficit flagged as a going concern risk. Signed a business combination with Gadfin in January 2025 for $180M equity value, amended in July without closing details. Nasdaq deficiency looms over market value compliance. Delays in finding a target could force liquidation.
8-K
BCA amendment advances merger
Israel Acquisitions Corp amended its business combination agreement with Gadfin Ltd. on July 2, 2025, revising the company equity value to $180,000,000 while removing immediate post-merger liquidation requirements and PCAOB-related defaults. The parties also submitted a confidential Form F-4 registration statement to the SEC that day, advancing the deal. NewPubco joined as a party. Risks include potential termination if underwriter waivers for deferred fees aren't secured within 30 days.
8-K
Nasdaq compliance warning issued
Israel Acquisitions Corp received a Nasdaq deficiency notice on May 28, 2025, for failing to meet the $50 million market value of listed securities requirement over 30 consecutive business days. The company has 180 days, until November 24, 2025, to regain compliance by hitting that threshold for 10 straight business days. No immediate delisting risk exists. Yet compliance isn't guaranteed.
10-Q
Q1 FY2025 results
Israel Acquisitions Corp narrowed its Q1 operating loss to $281K from $632K a year earlier, buoyed by $235K in trust dividends that flipped the bottom line to a $67K net gain—yet non-redeemable shares still posted a $0.04 loss per share amid heavy redemptions. Trust assets shrank to $9.4M after $73.5M in outflows, leaving $27K in operating cash against $1.3M in related-party notes for extensions. The SPAC inked a January 2025 merger pact with Israeli drone innovator Gadfin, eyeing up to $200M equity value if revenue benchmarks hit. Cash burn persists on legal and admin costs. Geopolitical tensions in the Middle East pose a clear risk to deal timelines.
IPO
Sector
Industry
AACI
Armada Acquisition Corp. II
10.29-0.01
AQUC
Aquaron Acquisition Corp.
12.10+0.00
CCTSF
Cactus Acquisition Corp. 1 Limi
11.79+0.00
GSRT
GSR III Acquisition Corp.
15.52+1.00
IBAC
IB Acquisition Corp.
10.44-0.01
IRRX
Integrated Rail and Resources A
10.99+0.00
IXAQF
IX Acquisition Corp.
12.20+0.00
RRACF
Rigel Resource Acquisition Corp
15.18+0.00
SPKL
Spark I Acquisition Corp.
11.37-0.18
TAVI
Tavia Acquisition Corp.
10.41+0.00