Gadfin Ltd. and Israel Acquisitions Corp. Announce Entry into Definitive Business Combination Agreement, Bringing the Unmanned Aerial Delivery Company to Nasdaq

Core Viewpoint - Israel Acquisitions Corp. (ISRL) has entered into a definitive business combination agreement with Gadfin Ltd., valuing Gadfin at up to $200 million USD, aiming to leverage Gadfin's innovative drone technology for logistics delivery [1][5]. Company Overview - Gadfin Ltd. specializes in all-weather, long-range, heavy-duty drone delivery powered by hydrogen fuel cells, significantly enhancing logistics in both civil and combat zones [2][8]. - Gadfin's technology is designed for efficient, sustainable, and reliable deliveries, particularly in healthcare, logistics, and industrial supply chains [8][9]. - The company is backed by prominent investors, positioning it as a leader in sustainable logistics solutions [9]. Transaction Details - The business combination is expected to be completed in the second half of 2025, subject to shareholder approvals and regulatory consents [7]. - The combined company will be listed on Nasdaq, with a minimum net cash condition of $15 million prior to closing [7]. - Gadfin's management will operate the combined entity, with a staggered Board of Directors comprising members from both ISRL and Gadfin [7]. Growth Strategy - Gadfin plans to implement a growth strategy based on existing contracts and potential new opportunities following the merger [3]. - The innovative hydrogen-powered drones are positioned to capitalize on numerous growth opportunities in the drone logistics industry, both in the U.S. and globally [5].