Israel Acquisitions Corp Extends Agreement with Sponsor in Recent 8-K Filing

Israel Acquisitions Corp (NASDAQ: ISRLU) recently disclosed in a Form 8-K filing with the Securities and Exchange Commission that it has entered into a significant agreement with Israel Acquisitions Sponsor LLC. The filing dated January 17, 2025, outlines the issuance of an unsecured promissory note termed the “2025 Extension Note” valued at $335,131.44. This note has been established to cover up to twelve additional one-month extension payments.

An initial draw of $27,927.62 against the 2025 Extension Note was made by the Company. The agreement stipulates that the note accrues no interest and is due for repayment in full either upon the completion of the Company’s initial business combination or in the event of the Company’s liquidation. The agreement, as detailed in the filing, provides flexibility for amendments or waivers in certain circumstances.

The Company’s emphasis on providing comprehensive financial information reflects its commitment to transparency. The complete terms of the 2025 Extension Note can be accessed in Exhibit 10.1 attached to the filing, offering interested parties a detailed insight into the specifics of the agreement.

In addition to the details of the agreement, the filing includes pertinent information regarding the financial standing of Israel Acquisitions Corp. The company continues to operate as an emerging growth entity under the criteria delineated in the Securities Act of 1933. The Company’s commitment to adherence to regulatory provisions is further highlighted in the filing.

Israel Acquisitions Corp remains dedicated to fulfilling the obligations required by the Securities Exchange Act of 1934. The disclosure underscores the company’s ongoing efforts to maintain transparency and provide shareholders and regulatory bodies with necessary information about its financial agreements and operations. Investors and stakeholders can access the complete Form 8-K filing on the SEC’s website for further details regarding this recent development.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Israel Acquisitions’s 8K filing here.

Israel Acquisitions Company Profile

Israel Acquisitions Corp does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or assets in high-growth technology companies in Israel. The company was incorporated in 2021 and is based in Bee Cave, Texas.