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.