Israel Acquisitions Corp (ISRLF) Form 10-Q — Aug 14, 2026
Israel Acquisitions Corp filed its 10-Q for the quarter ended June 30, 2026 disclosing substantial doubt about its ability to continue as a going concern. The SPAC held just $1,726 of cash outside its trust account against a $2,978,096 working capital deficit, and reported a Q2 net loss of $65,062. Its second business combination attempt collapsed: the Gadfin Ltd. deal, signed January 26, 2025 and amended seven times to push out the termination date, was terminated on June 22, 2026, following the earlier mutual termination of the Pomvom deal in August 2024.
Key figures
- Eps
- -0.02 (non-redeemable Class A/B); 0.12 (redeemable Class A)
- Cash Position
- 1726
- Gross Ipo Proceeds
- 143750000
- Trust Account Balance
- 6408729
- Working Capital Deficit
- 2978096
- Class AShares Outstanding
- 1264572
- Deferred Underwriting Fee
- 5406250
- Jan2026 Share Redemptions
- 3683102
- Termination Date Extendable To
- January 18, 2027
- Class AShares Subject To Redemption
- 502072
AI analysis
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