Israel Acquisition Corp. merges with Pomvom in deal worth $125 million
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©Reuters. TEL AVIV – Israeli acquisition company Special Purpose Acquisition Corporation (NASDAQ: ISRL) announced a definitive merger agreement with Pomvom Ltd. (TASE: PMVM) is an imaging technology company currently listed on the Tel Aviv Stock Exchange (TASE).
The merger, which has an equity value of $125 million, is designed to expand the companies’ joint footprint in the global entertainment and attractions industry.
Under the terms of the deal, the combined entity will transfer Pomvom’s stock listing from TASE to Nasdaq, providing the imaging technology company with a broader platform for growth and access to international markets. This strategic move is designed to leverage the strengths of both companies to accelerate expansion and capitalize on emerging opportunities in entertainment technology.
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