Israel Acquisitions Corp. Amends Deal Terms with Gadfin; BTIG Waives Deferred Commission for Advisory Fee
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Israel Acquisitions Corp. has amended its business combination terms with Gadfin Ltd. The new agreement allows Gadfin to consent to an advisory arrangement with BTIG, LLC, which will receive a $500,000 cash fee and 100,000 shares prior to closing, in exchange for waiving a deferred underwriting commission. Additionally, the sponsor will forfeit shares equivalent to those issued to BTIG, and Gadfin Regev Holdings Ltd. must arrange a securities insurance policy for potential indemnification claims from BTIG before closing.
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