Company Description
Israel Acquisitions Corp (warrants trading under symbol ISRLW) is a Cayman Islands exempted company organized as a blank-check or special purpose acquisition company (SPAC). According to its SEC filings, the company was formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. Its securities, including redeemable warrants represented by ISRLW, have been listed on The Nasdaq Stock Market LLC.
Israel Acquisitions Corp states in its public disclosures that it intends to focus on high-growth technology companies that are domiciled in Israel, that carry out all or a substantial portion of their activities in Israel, or that have another significant Israeli connection. The SPAC structure allows it to raise capital in the public markets and then seek a suitable target for a business combination within an agreed timeframe.
Business purpose and SPAC structure
As described in its proxy statements and current reports, Israel Acquisitions Corp is not an operating company with its own products or services. Instead, it is a vehicle created to complete an initial business combination. Until such a transaction is completed, its activities are largely limited to identifying, evaluating, and negotiating with potential targets, managing its trust account, and complying with public company reporting obligations.
The company’s securities registered under Section 12(b) of the Securities Exchange Act of 1934 include:
- Units, each consisting of one Class A ordinary share and one redeemable warrant (ISRLU)
- Class A ordinary shares, par value $0.0001 per share (ISRL)
- Redeemable warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share (ISRLW)
These details are set out in multiple Form 8-K filings and its proxy materials.
Focus on Israeli technology targets
In its public communications, Israel Acquisitions Corp explains that it intends to concentrate on high-growth technology companies with strong ties to Israel. This focus is reflected in its announced letters of intent and business combination agreements. For example, the company entered into a business combination agreement with Pomvom Ltd., an Israeli technology company developing experiential content and documentation solutions for amusement parks and attractions, and later mutually agreed to terminate that agreement. It subsequently signed a non-binding letter of intent with Gadfin Aero-Logistics Systems, and later a definitive business combination agreement with Gadfin Ltd., an Israeli technology company specializing in all-weather, long-range, heavy-duty unmanned aerial delivery for essential cargo.
These transactions illustrate how the SPAC seeks to align with Israeli technology businesses that operate in areas such as experiential content platforms and unmanned aerial logistics. However, until a business combination is completed, Israel Acquisitions Corp remains a blank-check company whose primary asset is the capital held in its trust account.
Delisting process and trading status
In a Form 8-K dated January 13, 2026, Israel Acquisitions Corp reported that The Nasdaq Stock Market LLC issued a press release pursuant to Nasdaq Listing Rule 5830 and Rule 12d2-2 of the Securities Exchange Act regarding the planned delisting of the company’s securities. Nasdaq indicated that it plans to delist the Class A ordinary shares, the units, and the redeemable warrants, including those trading under symbol ISRLW. The filing states that the delisting will become effective ten days after Nasdaq files a Form 25. This means investors researching ISRLW should be aware that the warrants are subject to a delisting process from Nasdaq, as disclosed in the company’s SEC filings.
Corporate governance and extensions
Israel Acquisitions Corp’s definitive proxy statement filed on December 29, 2025 describes proposals to extend the date by which the company must consummate a business combination. The company sought shareholder approval to amend its memorandum and articles of association and its investment management trust agreement to allow multiple one-month extensions of the termination date, up to January 18, 2027, subject to specified conditions and payments into the trust account. These measures are intended to provide additional time to complete an initial business combination while also giving shareholders the option to redeem their public shares.
The same proxy materials and related filings discuss the company’s receipt of a Nasdaq deficiency notice regarding the market value of listed securities requirement and outline possible responses, including the potential transfer of the listing to The Nasdaq Capital Market if applicable listing standards are met.
Warrants (ISRLW) and capital structure
The ISRLW symbol represents redeemable warrants, each whole warrant exercisable for one Class A ordinary share of Israel Acquisitions Corp at an exercise price of $11.50 per share, as disclosed in the company’s Form 8-K filings. These warrants are part of the SPAC’s capital structure and are typically designed to provide additional upside participation to investors if a business combination is successfully completed and the combined company’s shares trade above the exercise price.
Because Israel Acquisitions Corp is a SPAC, the value and potential exercise of ISRLW warrants depend on the outcome of its business combination efforts, the terms of any completed transaction, and the subsequent performance of the combined company’s shares. The company’s filings also describe amendments to its business combination agreement with Gadfin and related registration statement work, which are relevant to understanding how the capital structure, including warrants, may be affected by the proposed transactions.
Status as a blank-check company
Throughout its public disclosures, Israel Acquisitions Corp consistently identifies itself as a blank-check company. It emphasizes that it has no operating business of its own and that its purpose is to complete a merger or similar business combination. The company’s focus on Israeli high-growth technology targets, its efforts to extend its combination period, and its engagement in business combination agreements with companies such as Pomvom and Gadfin all reflect this stated objective.
Investors and researchers looking at ISRLW are therefore examining the warrants of a SPAC that has pursued multiple potential transactions and has disclosed a planned delisting of its securities from Nasdaq, subject to the filing of a Form 25 and the effectiveness of that filing.