Welcome to our dedicated page for GIAC news (Ticker: GIAC), a resource for investors and traders seeking the latest updates and insights on GIAC stock.
Gesher I Acquisition Corp. (GIAC) is a blank check company focused on identifying international merger and acquisition opportunities, particularly involving Israeli businesses with global operations. This page serves as the definitive source for tracking GIAC's strategic moves, offering investors and analysts centralized access to official updates.
Key resources include: Timely press releases on potential business combinations, SEC filings related to capital deployment, and leadership announcements from its experienced management team. Users will find updates on mergers, share exchange developments, and regulatory milestones critical for assessing this SPAC's progress.
The curated news collection enables stakeholders to monitor GIAC's flexible acquisition strategy across multiple industries and regions. All content is sourced from official channels to ensure compliance with financial disclosure standards. Bookmark this page for streamlined tracking of GIAC's pursuit of value-creating partnerships in global markets.
WebCargo by Freightos, a leading booking and payment platform for the international freight industry, announces a new partnership with Singapore Airlines. This collaboration will provide users with an end-to-end booking experience and expand reach in the Asia-Pacific region. The platform saw a significant increase in digital bookings from Asia origins, showing a growing trend towards digitalization. Singapore Airlines' cargo capacity on WebCargo will give users access to more destinations in Asia, enhancing the booking experience for freight forwarders.
Freightos (Nasdaq: CRGO), a key player in the international freight industry, is set to release its financial results for the fiscal year 2022 on March 13, 2023. Management will hold a webcast and conference call at 8:30am ET to discuss these results, followed by the filing of the annual report on form 20-F by March 31, 2023. The company operates a vendor-neutral platform enhancing shipping efficiency, connecting thousands of importers and exporters with logistics providers globally.
For more information, visit freightos.com/investors.
Freightos Limited reported a significant surge in transactions on its platform, with 211,000 transactions in Q4 2022, a remarkable 117% increase year-over-year.
The total freight transactions for 2022 reached 668,000, representing a 154% growth from 2021. Despite a contraction in the global freight market, Freightos achieved $611 million in Gross Booking Value (GBV), doubling its value from the previous year. The company anticipates becoming NASDAQ: CRGO by the end of January 2023 as it moves forward with its business combination with Gesher I Acquisition Corp.
Freightos Limited reported impressive third-quarter 2022 results, announcing record gross booking value (GBV) and transactions on its freight booking platform. The company is set to go public following a business combination with Gesher I Acquisition Corp. (NASDAQ: GIAC). This alliance aims to enhance Freightos' visibility and growth in the global freight market. Freightos operates a vendor-neutral platform, integrating over 10,000 importers/exporters and numerous forwarders and carriers, thus improving supply chain efficiency.
Gesher I Acquisition Corp. (NASDAQ: GIAC) and Freightos Limited announced the submission of a draft registration statement on Form F-4 to the SEC for their proposed business combination. CEO Ezra Gardner highlighted Freightos' innovative role in modernizing the global shipping industry, reporting strong growth metrics. Following the merger, the combined entity expects to raise $80 million in capital, facilitating expansion and aiming for positive cash flow. The business combination is anticipated to close in late 2022 or early 2023, pending shareholder and regulatory approvals.
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