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Freightos (Gesher I Acquisition) Priced, Nasdaq: CRGO

Blank check company targeting Israeli businesses with international operations (completed 1/25/2023).

Industry: SPAC

Latest Trade: $2.74 0.00 (0.0%)

First Day Return: -0.3%

Return from IPO: -72.6%

Industry: SPAC

We are a blank check company, incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination, which we refer to as our “initial business combination,” with one or more businesses or entities, which we refer to throughout this prospectus as a “target business.” We may pursue a business combination opportunity in any business or industry we choose although we currently intend to focus on target businesses located in Israel, particularly those that conduct business internationally in Asia, Europe or North America. To date, our efforts have been limited to organizational activities as well as activities related to this offering. None of our officers, directors, promoters and other affiliates has engaged in any substantive discussions on our behalf with representatives of other companies regarding the possibility of a potential business combination with us. Our intended industries of focus include verticals where our management team’s partners have historically invested and collaborated successfully. In particular, our management team believes their past experiences in the areas of mobility and electric vehicles, autonomy and robotics and financial technology (fintech) will provide access to a significant number of potential business combination targets in these sectors.
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IPO Data
IPO File Date 09/02/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 10.0
Deal Size ($mm) $100
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 10/11/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 10.0
Deal Size ($mm) $100
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
EarlyBirdCapital
I-Bankers Securities
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Company Data
Headquarters Tel Aviv, Israel
Founded 2021
Employees 3

Freightos (Gesher I Acquisition) (CRGO) Performance