Vietnamese electric car maker VinFast Auto (Nasdaq: VFS), which made its IPO on Nasdaq last week and is now traded at a market cap of USD86 billion, is expected to start selling its vehicles in Israel and Europe this year. Read more in Globes.
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Clal Insurance & Finance Enterprises Holdings Ltd. (TASE: CLIS) has completed the successful issuance of TASE traded bonds, for a total value of NIS 400 million. Clal Insurance Enterprises Holdings is one of the leading insurance and long-terms saving groups in Israel. MEKOROT National Water Company has also successfully completed the institutional stage of raising […]
Fintech-focused private equity firm, Motive Partners has committed to invest USD50 million in Spitit Payments Ltd., an Israeli company publicly traded on the Australian Securities Exchange. Herzog advised Splitit Payments, led by co-head of the Corporate and Securities department, Nir Dash, along with the department’s partner Erez Abu, associates Ohad Graub, Nesimyan Adawi, and Dana Qaq, with close support from […]
Check-Cap Ltd., an Israeli clinical stage medical diagnostics company listed on Nasdaq, is to merge with Keystone Dental Holdings, Inc., a leading dental implant company. If completed, the business combination will create a public company focused on advancing Keystone’s comprehensive portfolio of implants, arches and other tooth replacement solutions comprised of restoration products, prosthetic solutions, […]
Last week, Israel and Jordan signed a letter of intent in Abu Dhabi for a so-called “water-for-energy” project, under which Jordan will build a massive solar farm in the desert that will generate clean energy to be sold to Israel in return for desalinated water. Read more in the Jerusalem Post.
Artificial intelligence-generated art cannot be protected by copyright, a US federal judge ruled this past week, in a piece of legislation that may codify intellectual property rights regarding creative works made by AI as opposed to those made by humans. The significance of the ruling comes amid the ongoing writers’ and actors’ strikes in Hollywood, which […]
The food and beverage manufacturing giant, Strauss, its former CEO Giora Bardea, and CFO Ariel Chetrit are alleged to have attempted to coordinate price hikes with competitors, according to a report in the Times Of Israel. According to the hearing documents, Strauss allegedly informed its competitors that it was considering raising prices in an attempt […]
Growth fund Qumra Capital, an Israeli venture focused on high-tech companies at the mature stage, has raised USD275 million for its fourth fund, according to Globes. Despite the slowdown in the industry and the global decline in returns attributed to venture capital funds investing in equity in start-up companies, Qumra has managed to raise its largest […]
Israeli pregnancy care company, Nuvo Group has announced its plans to merge with LAMF Global Ventures Corp. I (LGVC), a publicly traded special purpose acquisition company (SPAC). The combined public company is expected to be listed on Nasdaq. The strategic move, which aims to take Nuvo public, has secured unanimous approval from the boards of both […]
Renewable energy company, Prime Energy will sell electricity to Electra Power for 15 years from facilities with a storage capacity of 375 megawatt per hour, according to a recent agreement signed between them. Founded in 2013, Israel-listed Prime Energy is a leader in the field of renewable energy. Electra Power is part of the Elco […]
