Item 8.01. Other Events.
On January 18, 2023, Israel Acquisitions Corp (the "Company") consummated its
initial public offering (the "IPO") of 14,375,000 (the "Units") including
1,875,000 additional Units purchased pursuant to the full exercise of the
underwriters' over-allotment option. Each Unit consists of one Class A ordinary
shares, par value $0.0001 per share ("Class A Ordinary Share"), of the Company
and one redeemable warrant of the Company, with each whole warrant entitling the
holder thereof to purchase one share of Class A Common Stock for $11.50 per
share, subject to adjustment. The Units were sold at a price of $10.00 per Unit,
generating gross proceeds to the Company of $143,750,000.
Simultaneously with the closing of the IPO, pursuant to a Private Placement
Units Purchase Agreement, the Company completed the private sale of an aggregate
of 637,500 private placement units to Israel Acquisitions Sponsor LLC at a
purchase price of $10.00 per Private Placement Unit, generating gross proceeds
to the Company of $6,375,000.
In addition, simultaneously with the closing of the IPO, pursuant to a Private
Placement Units Purchase Agreement, the Company completed the private sale of an
aggregate of 75,000 private placement units to BTIG, LLC at a purchase price of
$10.00 per Private Placement Unit, generating gross proceeds to the Company of
$750,000.
In addition, simultaneously with the closing of the IPO, pursuant to a Private
Placement Units Purchase Agreement, the Company completed the private sale of an
aggregate of 25,000 private placement to Exos Capital LLC at a purchase price of
$10.00 per Private Placement Unit, generating gross proceeds to the Company of
$250,000.
In addition, simultaneously with the closing of the IPO, pursuant to a Private
Placement Units Purchase Agreement, the Company completed the private sale of an
aggregate of 25,000 private placement units to JonesTrading at a purchase price
of $10.00 per Private Placement Unit generating gross proceeds to the Company of
$250,000.
The net proceeds from the IPO together with certain of the proceeds from the
sale of the private placement units, $146,625,000 in the aggregate, was placed
in a U.S.-based trust account at J.P. Morgan Chase Bank, N.A. maintained by
American Stock Transfer & Trust Company, acting as trustee.
An audited balance sheet as of January 18, 2023 reflecting receipt of the
proceeds upon consummation of the IPO and the sale of the private placement
units has been issued by the Company and is included as Exhibit 99.1 to this
Current Report on Form 8-K.
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ISRAEL ACQUISITIONS CORP 
