Israel Acquisitions Corp. and Gadfin Ltd. have announced a definitive business combination agreement valued at up to $200 million USD. Gadfin, an Israeli technology company, specializes in long-range, heavy-duty drone delivery for essential cargo using hydrogen fuel cells. This innovative technology allows for zero-emission deliveries in challenging weather conditions and remote locations. The merger aims to leverage Gadfin's expertise in drone logistics with ISRL's team. The combined company will be listed on Nasdaq post-merger. Gadfin's hydrogen-powered drones have the potential to transform logistics delivery, catering to diverse sectors such as healthcare, industrial supply chains, and remote areas. The merger is expected to enhance Gadfin's global presence and accelerate technological innovation. Both companies' Boards of Directors have unanimously approved the agreement, targeting growth through existing contracts and future wins. Key figures, including Izhar Shay (Chairman of ISRL) and Eyal Regev (Founder and CEO of Gadfin), express optimism about the merger's potential to drive growth and innovation in the drone cargo delivery industry. The deal includes a 6-month lock-up agreement for key stakeholders post-closing. Advisors from Tiberius Capital Markets, Arcadia Securities, Reed Smith LLP, Stuarts Humpries, and Herzog, Fox, and Neeman are supporting the transaction. Gadfin's pioneering approach, backed by investors like SIBF VC and Gehr Group, positions the company as a leader in sustainable and efficient logistics solutions. Israel Acquisitions Corp., led by prominent executives, focuses on high-growth technology companies with Israeli connections. The announcement reflects a positive sentiment towards Gadfin's hydrogen-powered drones and the strategic merger with Israel Acquisitions Corp. to drive innovation and growth in the drone delivery sector.