The publicly traded clinical-stage oncology company, Ayala Pharmaceuticals has merged with Biosight Ltd., a privately-held pharmaceutical company developing innovative therapeutics for hematological malignancies and disorders. Following the all-stock transaction, the combined company will operate under the name Ayala Pharmaceuticals, Inc., and will continue to trade on the OTCQX under Ayala’s current ticker symbol (“ADXS”). Horn […]
Author: Idan Nishlis
Esther Luzzatto of the Luzzatto Group is to head Council for Advancement of Women in Science & Technology, a governmental body that coordinates efforts to promote and increase the involvement of women in science and technology-related professions. Read more in Jerusalem Post.
Israel’s largest solar energy company, SolarEdge, has signed a joint venture with Ajlan & Bros Holding (AHB) to adopt solar energy in Riyadh. The joint venture will support the deployment of smart renewable energy solutions in Saudi Arabia and aligns with the Saudi Vision 2030 initiative, aiming to reduce the country’s dependence on oil by […]
The Knesset last week approved a law dubbed “Angels Law,” which grants some tax benefits to investors in Israeli hi-tech companies, as well as incentives for acquiring or merging with startups if the intellectual property is registered in Israel and they have operations in the country. The government said that the purpose of the law […]
Among Minister of Communications Shlomo Karhi’s proposals are a slimmed down regulator and advertising for everyone – except IPBC. How will they affect the market, and Israel’s lively production industry? The kernel of Karhi’s bill is the closure of The Second Authority for Television and Radio and The Council for Cable and Satellite Broadcasting, and […]
The Israel Innovation Authority (IIA) and the country’s Ministry of Labor and Employment are investing in programs to integrate more Bedouin and Ethiopian citizens into the high-tech sector. The Human Capital Fund will provide grants for requests of up to 1 million shekels for programs in the launch/seed stage and for requests of 1-15 million shekels for programs in […]
Software intelligence platform Dynatrace, which is traded on the NYSE with a market cap of approximately USD16 billion, is acquiring the Israeli start-up Rookout, which develops a developer-first observability platform. The addition of Rookout to the Dynatrace platform will help developers speed up the development process and release secure software versions. Pearl Cohen advised Rookout, […]
Israeli company, ZOOZ Power, which provides flywheel-based power boosting solutions for the electric vehicle charging infrastructure market, has agreed to a merger with a SPAC company, Keyarch Acquisition Corp., and then to be listed on Nasdaq. The transaction values ZOOZ Power at an agreed equity value of up to. USD100 million, which reflects USD60 million […]
Israeli fintech unicorn Rapyd is acquiring PayU Global Payment Organization (GPO) from Netherlands-based investment company Prosus for USD610 million. PayU is a provider of payment solutions for organizations and small and medium-sized businesses in developing markets, operating in over 30 countries around the world. Gornitzky advised Rapyd, with Shlomo Landress, Dan Fisher, Danya Sakols and Gabriela Zashin instrumental in […]
Listen to the recent Going Global, which, together with the International Division of the Federation of Israeli Chambers of Commerce (FICC), aims at promoting businesses between Israel and North America, and California specifically. Sharon Vanek, Director of California Israel Chamber of Commerce, discusses the recent surge of companies interested in what California has to offer, […]
