Israeli drone company Gadfin announces USD 200m SPAC Merger
Gadfin Aero-Logistics Systems, an Israeli leader in long-range, all-weather drone delivery systems, unveiled a USD 200 million business combination with Israel Acquisitions Corp. (NASDAQ: ISRL), a special purpose acquisition company.
The combined entity will be listed on Nasdaq, positioning Gadfin as a major player in drone cargo delivery for civil and military sectors. The merger leverages Gadfin’s cutting-edge technology and ISRL’s expertise to expand its global reach in autonomous logistics.
Herzog advised Gadfin on the transaction – led by Corporate partners Aviram Hazak and Ohad Graub, and supported by associate Dana Qaq. Additional specialists included partners Dr. Ehab Farah, Maayan Hammer-Tzeelon, Efrat Kesler Kadmon, Ofer Granot, and Adar Bengom (Ortal), alongside associates Yara Ayoub, Or Noy, Dor Furer, Daniella Weiss, and others.
Reed Smith LLP, and Stuarts Humpries acted as legal advisors to Israel Acquisitions Corp.
