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Israel Acquisitions Corp Finalizes Corporate Presentation for Gadfin DE-SPAC Process

ISRL

M&A

New Projects/Investments

Product Launch

Israel Acquisitions Corp (ISRL) has finalized a corporate presentation for potential investors regarding its DE-SPAC process with Gadfin, an Israeli company specializing in hydrogen-powered, long-range eVTOLs for B2B enterprise logistics.
Gadfin's technology utilizes hydrogen fuel cells to achieve approximately 2.5 times longer range compared to battery-electric drones, offering zero-emission solutions.
The company plans to begin Spirit One serial production in Q4 2025, with a projected rate of 12 units per month, followed by Spirit V in Q4 2026 and Spirit X in Q4 2028.
Gadfin's business model combines hardware sales with a Delivery-as-a-Service (DaaS) subscription model for long-term recurring revenue, targeting a global delivery drone market projected to grow from $530 million in 2022 to over $10 billion by 2030.
The DE-SPAC transaction involves a $180 million pre-money valuation for Gadfin and requires $21 million in minimum funding.

Nov 3, 2025, 11:09 PM

Israel Acquisitions Corp enters Advisory Agreement with BTIG, LLC, securing waiver of deferred underwriting commission

ISRL

M&A

On October 14, 2025, Israel Acquisitions Corp (ISRL) entered into a Letter Agreement with Gadfin Ltd. and an Advisory Agreement with BTIG, LLC, effective October 10, 2025, for strategic and capital markets advisory services related to its business combination with Gadfin Ltd..
As compensation for these services, BTIG will receive an Advisory Fee upon the closing of the Business Combination, consisting of $500,000 in cash and 100,000 Class A ordinary shares of ISRL, valued at $10.00 per share.
In exchange for the Advisory Fee, BTIG waived its right to the Deferred Underwriting Commission from a previous underwriting agreement dated January 12, 2023.
Gadfin Ltd. consented to the Advisory Agreement and waived its right to terminate the Business Combination Agreement, which it had if ISRL did not secure the deferred underwriting commission waiver within 30 days of July 2, 2025.
The Advisory Agreement also grants BTIG a three-year exclusive right of first refusal to act as lead underwriter for future special purpose acquisition company (SPAC) initial public offerings undertaken by ISRL or its Sponsor.

Oct 16, 2025, 9:19 PM

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