The particular objective acquisition firm will now search for an Israeli tech firm to merge into.
Israeli particular objective acquisition firm (SPAC) Moringa Acquisition Corp. has $100 million on Nasdaq and can now search an Israeli tech firm to merge into.
Clean test firm Moringa efficiently issued 10,000,000 items at $10 per unit and can checklist on Nasdaq underneath the MACAU ticker. EarlyBirdCapital Inc. and Moelis & Firm acted as joint book-running managers for the providing. They’ve been granted a 45-day choice to buy as much as an extra 1,500,000 items on the preliminary public providing value.
Israeli SPAC Moringa recordsdata to boost $100m for tech merger
Moringa is led by former 3D printing firm Stratasys CEO Ilan Levin, who serves as chairman and CEO of the corporate and CFO Gil Maman.
Going public by a SPAC merger somewhat than an IPO are all the trend in the meanwhile. Over the previous few months Israeli auto-tech corporations REE, Otonomo and Innoviz have all introduced SPAC mergers at firm valuations of $3.1 billion, $1.4 billion, and $1.4 billion respectively and Taboola introduced a SPAC merger at an organization valuation of $2.6 billion.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on February 17, 2021
© Copyright of Globes Writer Itonut (1983) Ltd. 2021
Ilan Levin, Moringa CEO Picture: PR