Israel Acquisitions Corp. Announces LOI with Gadfin Aero-Logistics Systems

Core Viewpoint - Israel Acquisitions Corp. has signed a non-binding letter of intent for a proposed business combination with Gadfin Aero-Logistics Systems, a company specializing in unmanned aerial delivery of medical supplies and other cargo [1][3]. Group 1: Company Overview - Israel Acquisitions Corp. is a blank-check company focused on merging with high-growth technology companies based in Israel [4]. - The management team includes Chairman Izhar Shay, CEO Ziv Elul, and CFO Sharon Barzik Cohen [4]. Group 2: Gadfin Aero-Logistics Systems - Gadfin specializes in all-weather unmanned aerial vehicles powered by hydrogen fuel cells, capable of delivering cargo under harsh conditions [2]. - The technology aims to enhance logistics delivery in both combat zones and civil applications, significantly improving the speed of delivery for medical supplies and other essential cargo [2][3]. Group 3: Strategic Implications - The partnership is expected to accelerate Gadfin's production and facilitate the introduction of new models to fulfill backlog orders, thereby expanding access to remote locations and hospitals [3]. - Israel Acquisitions Corp. plans to provide further details regarding the business combination in the fourth quarter of 2024 [3].