Gesher I Acquisition Corp

NASDAQ:GIAC   3:55:48 PM EDT
9.88
0.00 (+0.05%)
Exchange Changes, Mergers / Acquisitions, Equity Financing / Related

Freightos, A Leading Booking And Payment Platform Digitalizing Global Freight, To Raise Growth Capital And Become Public Via Business Combination With Gesher I Acquisition Corp

Published: 05/31/2022 20:47 GMT
Gesher I Acquisition Corp (GIAC) - Freightos, a Leading Booking and Payment Platform Digitalizing Global Freight, to Raise Growth Capital and Become Public Via Business Combination With Gesher I Acquisition Corp.
Gesher I Acquisition Corp - Deal for Implied Pro Forma Enterprise Value of Approximately $435 Million.
Gesher I Acquisition Corp - Combination is Projected to Generate Gross Proceeds of at Least $80 Million (and Up to $166 Million Depending on Redemptions).
Gesher I Acquisition Corp - Freightos to Be Publicly Listed on Nasdaq Under Ticker Symbol "fros".
Gesher I Acquisition Corp - Merger Agreement Would Result in Freightos Being Publicly Listed on Nasdaq Under Ticker Symbol "fros".
Gesher I Acquisition Corp - Implied Pro Forma Equity Value of Combined Company is Expected to Be at Least Approximately $500 Million.
Gesher I Acquisition Corp - Qatar Airways Has Agreed to Invest Another $10 Million in Combined Company.
Gesher I Acquisition Corp - Existing Freightos Shareholders Are Expected to Own Up to 78% of Combined Company After Funding.
Gesher I Acquisition Corp - Freightos Management Team Will Remain in Place With Dr.
Zvi Schreiber Continuing to Serve As Chief Executive Officer.
Gesher I Acquisition Corp - Ran Shalev Remaining As Chief Financial Officer.
Gesher I Acquisition Corp - Co Expected to Include Udo Lange, CEO of Fedex Logistics.