The new company aims to combine with an Israel-based tech business with disruptive technology and a competitive industry position. Moringa is led by Chairman and CEO Ilan Levin, Vice Chairman Craig Marshak and CFO Gil Maman.
Total SPAC deal count for 2021 year-to-date is now 146 with $44.6 billion in gross proceeds raised. This offering is expected to close on Friday, February 19.
EarlyBirdCapital, Inc. and Moelis & Company are acting as joint book-running managers of the offering. McDermott Will & Emery is serving as Issuer’s Counsel with Graubard Miller serving as Underwriter’s Counsel. Kesselman & Kesselman serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.