ION Acquisition Corp 3 Ltd. (IACC.) Prices Downsized $220M IPO

ION Acquisition Corp 3 Ltd. announced the pricing of its downsized $220 million IPO and its units are expected to begin trading on the NYSE under the symbol “IACC”, starting on Friday, April 30.

The new SPAC aims to focus on the rapidly growing universe of Israeli companies and entrepreneurs that apply technology and innovation to everyday lives. ION 3 is led by Chairman Jonathan Kolber, and Co-CEOs Gilad Shany and Avrom Gilbert. Avrom Gilbert will also be President.

Total SPAC deal count for 2021 year-to-date is now 311. This offering is expected to close on Tuesday, May 4.

Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC are serving as joint book-running managers for the offering. AmeriVet Securities is acting as co-manager for the offering. White & Case LLP is serving as Issuer’s Counsel with Skadden, Arps, Slate, Meagher & Flom LLP serving as Underwriter’s Counsel. Kost Forer Gabbay & Kasierer, a member of Ernst & Young Global, serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.