Israel Acquisitions (ISRL) pushes Gadfin deal deadline to May 15, 2026
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Israel Acquisitions Corp entered a fourth amendment to its Business Combination Agreement with Gadfin Ltd. and Gadfin Regev Holdings Ltd. on April 15, 2026. The amendment revises Section 7.1(d) to extend the agreement’s termination date to May 15, 2026, with all other termination rights unchanged.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 1.01, 9.01
2 items
Item 1.01
Entry into a Material Definitive Agreement
Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Business Combination Agreement date: January 26, 2025
Amendment No. 1 date: July 2, 2025
Amendment No. 3 date: March 13, 2026
+5 more
8 metrics
Business Combination Agreement date
January 26, 2025
Original Business Combination Agreement between Israel Acquisitions Corp and Gadfin Ltd.
Amendment No. 1 date
July 2, 2025
First amendment to the Business Combination Agreement
Amendment No. 3 date
March 13, 2026
Third amendment to the Business Combination Agreement
Amendment No. 4 date
April 15, 2026
Fourth amendment extending termination date
New termination date
May 15, 2026
Updated Section 7.1(d) of the Business Combination Agreement
Unit trading symbol
ISLUF
Units trading on OTC Markets
Class A share trading symbol
ISRLF
Class A ordinary shares trading on OTC Markets
Warrant trading symbol
ISLWF
Redeemable warrants trading on OTC Markets
Key Terms
Business Combination Agreement, Material Definitive Agreement, emerging growth company, redeemable warrants, +1 more
5 terms
Business Combination Agreement financial
"Business Combination Agreement, dated as of January 26, 2025, by and among"
A business combination agreement is a detailed contract that lays out the terms for two companies to join together—covering price, how ownership will be split, the steps needed to close the deal, and what each side promises to do or avoid before closing. For investors it matters because the agreement determines potential changes in value, control, timing, and risk exposure—think of it like the playbook for a merger that shows who wins, who pays, and what could still derail the plan.
Material Definitive Agreement regulatory
"Item 1.01. Entry into a Material Definitive Agreement."
A material definitive agreement is a legally binding contract that creates major, long‑term obligations or rights for a company, such as loans, asset sales, mergers, or supplier deals. Think of it like a mortgage or lease for a business: it can change future cash flow, risk and control, so investors watch these agreements closely because they can materially affect a company’s value, financial health and stock price.
emerging growth company regulatory
"Emerging growth company x"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
redeemable warrants financial
"Redeemable warrants, each whole warrant exercisable for one Class A ordinary share"
A redeemable warrant is a tradable right that lets its holder buy a company’s shares at a fixed price before a set date, but the issuer has the contract power to cancel (redeem) the warrant early under agreed terms. For investors this matters because early redemption can force decision-making, change the timing of when new shares might be created, and affect potential gains or dilution—much like a store coupon that the issuer can cancel by paying you off instead of letting you use it.
exempted company regulatory
"Israel Acquisitions Corp, a Cayman Islands exempted company"
FAQ
What did Israel Acquisitions Corp (ISRL) change in its Gadfin agreement?
Israel Acquisitions Corp signed a fourth amendment to its Business Combination Agreement with Gadfin Ltd. and Gadfin Regev Holdings Ltd. The change revises Section 7.1(d), extending the agreement’s termination date to May 15, 2026 while keeping all other termination rights the same.
When does the Business Combination Agreement between ISRL and Gadfin now terminate?
The Business Combination Agreement between Israel Acquisitions Corp and Gadfin Ltd. now has a termination date of May 15, 2026. This new deadline comes from the Fourth BCA Amendment executed on April 15, 2026, which specifically updates Section 7.1(d) of the agreement.
How many times has Israel Acquisitions Corp amended its Gadfin Business Combination Agreement?
Israel Acquisitions Corp has amended its Business Combination Agreement with Gadfin Ltd. four times. Amendments were dated July 2, 2025, December 31, 2025, March 13, 2026, and April 15, 2026, following the original agreement signed on January 26, 2025.
Who are the parties to Israel Acquisitions Corp’s Business Combination Agreement?
The Business Combination Agreement involves Israel Acquisitions Corp, a Cayman Islands exempted company, Gadfin Ltd., a company domiciled in Israel, and Gadfin Regev Holdings Ltd., also domiciled in Israel. All three are listed as parties in the original agreement and subsequent amendments, including the fourth amendment.
On which markets do Israel Acquisitions Corp securities trade and under what symbols?
Israel Acquisitions Corp’s units, Class A ordinary shares, and redeemable warrants trade on the OTC Markets. The units trade under “ISLUF”, the Class A ordinary shares under “ISRLF”, and the redeemable warrants under “ISLWF”, as stated in the securities registration table.