Israel Acquisitions Corp is a Cayman Islands exempted company incorporated as a blank-check company 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. The Company intends to focus on high-growth technology companies that are domiciled in Israel, and that either carry out all or a substantial portion of their activities in Israel or have some other significant Israeli connection. The management team is led by Chairman, Izhar Shay, Chief Executive Officer, Ziv Elul, and Chief Financial Officer, Sharon Barzik Cohen.
Company profile
Ticker
ISRL, ISRLU
Exchange
Employees
Incorporated
Location
Industry (SIC)
SEC CIK
IRS number
873587394
ISRL stock data
Latest filings (excl ownership)
PRE 14A
Preliminary proxy
7 Dec 23
10-Q
2023 Q3
Quarterly report
13 Nov 23
8-K
Regulation FD Disclosure
17 Oct 23
10-Q
2023 Q2
Quarterly report
14 Aug 23
10-Q
2023 Q1
Quarterly report
15 May 23
10-K
2022 FY
Annual report
17 Apr 23
NT 10-K
Notice of late annual filing
31 Mar 23
8-K
Other Events
27 Feb 23
8-K
Israel Acquisitions Corp
24 Jan 23
8-K
Israel Acquisitions Corp Announces Pricing of $125 Million Initial Public Offering
18 Jan 23
Latest ownership filings
4
Change in insider ownership
9 May 23
4
Charles Ecalle
9 May 23
4
Alexander Greystoke
9 May 23
SC 13D/A
Israel Acquisitions Sponsor LLC
22 Mar 23
SC 13D
Israel Acquisitions / Israel Acquisitions ownership change
30 Jan 23
4
Alexander Greystoke
19 Jan 23
4
Change in insider ownership
19 Jan 23
4
Charles Ecalle
19 Jan 23
3
Ziv Elul
13 Jan 23
3
Sharon Barzik Cohen
13 Jan 23
Financial summary
| Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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| Operating income | |||||
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| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | |
|---|---|---|
| Revenue | ||
| Cost of revenue | ||
| Operating income | ||
| Operating margin | ||
| Net income | ||
| Net profit margin | ||
| Cash on hand | ||
| Change in cash | ||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 810.43 k | 810.43 k | 810.43 k | 810.43 k | 810.43 k | |
| Cash burn (monthly) | 30.25 k | 17.12 k | 61.90 k | 60.92 k | 43.15 k | |
| Cash used (since last report) | 71.53 k | 40.49 k | 146.40 k | 144.07 k | 102.05 k | |
| Cash remaining | 738.90 k | 769.94 k | 664.03 k | 666.36 k | 708.38 k | |
| Runway (months of cash) | 24.4 | 45.0 | 10.7 | 10.9 | 16.4 | |
Institutional ownership, Q2 2023
93.4% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 36 |
| Opened positions | 9 |
| Closed positions | 1 |
| Increased positions | 6 |
| Reduced positions | 2 |
| 13F shares | Current |
|---|---|
| Total value | 2.62 bn |
| Total shares | 14.14 mm |
| Total puts | 79.70 k |
| Total calls | 375.00 k |
| Total put/call ratio | 0.2 |
| Largest owners | Shares | Value |
|---|---|---|
| Israel Acquisitions Sponsor | 5.43 mm | $0.00 |
| Exos TFP | 1.13 mm | $157.69 mm |
| Periscope Capital | 1.05 mm | $145.95 mm |
| Gritstone Asset Management | 948.53 k | $131.85 mm |
| Cowen And | 937.11 k | $130.26 mm |
| Westchester Capital Management | 465.00 k | $69.75 mm |
| CNH Partners | 397.86 k | $55.30 mm |
| Kim | 349.99 k | $52.50 mm |
| Polar Asset Management Partners | 300.00 k | $41.70 mm |
| Alberta Investment Management | 300.00 k | $45.00 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 7 May 23 | Alexander Greystoke | Class B ordinary shares, par value $0.0001 Class A ordinary shares, par value $0.0001 | Sell | Dispose S | Yes | No | 0 | 95,900 | 0.00 | 4,696,167 |
| 7 May 23 | Charles Ecalle | Class B ordinary shares, par value $0.0001 Class A ordinary shares, par value $0.0001 | Sell | Dispose S | Yes | No | 0 | 95,900 | 0.00 | 4,696,167 |
| 7 May 23 | Israel Acquisitions Sponsor | Class B ordinary shares, par value $0.0001 Class A ordinary shares, par value $0.0001 | Sell | Dispose S | No | No | 0 | 95,900 | 0.00 | 4,696,167 |
| 18 Jan 23 | Charles Ecalle | Class A ordinary shares, $0.0001 par value per share | Buy | Acquire P | Yes | No | 10 | 37,500 | 375.00 k | 637,500 |
| 18 Jan 23 | Israel Acquisitions Sponsor | Class A ordinary shares, $0.0001 par value per share | Buy | Acquire P | No | No | 10 | 37,500 | 375.00 k | 637,500 |