Israel Acquisitions Corp. (ISRL) and Gadfin Ltd., an Israeli technology company specializing in hydrogen-powered drone delivery, have entered a definitive business combination agreement with an equity value of up to $200 million USD. Gadfin's innovative drones, powered by hydrogen fuel cells, have the capability to deliver essential cargo, including medical supplies, to long-range destinations even in harsh weather conditions. The merger aims to leverage Gadfin's technology and ISRL's expertise to enhance logistics delivery in various sectors. The transaction, subject to closing conditions, will lead to the formation of a new company trading on Nasdaq. Gadfin's management is set to lead the combined entity, focusing on growth opportunities driven by existing contracts and new wins. The agreement, backed by both companies' Boards of Directors, highlights the potential for Gadfin to become a key player in drone cargo delivery. Izhar Shay, Chairman of ISRL, expressed optimism about the merger, emphasizing Gadfin's zero-emission, long-range delivery capabilities and growth prospects in the drone logistics industry. Eyal Regev, Gadfin's Founder and CEO, also welcomed the deal, acknowledging ISRL's support and strategic guidance in driving Gadfin's expansion. The transaction is supported by financial and legal advisors, with Gadfin's listing on Nasdaq anticipated post-closure. Gadfin's focus on sustainable, efficient cargo delivery aligns with the industry's evolving needs, positioning the company for success in the global logistics market. The collaboration between ISRL and Gadfin signifies a significant step towards technological innovation and industry disruption through hydrogen-powered drone logistics.