The IPO Buzz: Israel-Focused SPAC Gesher Acquisition II (GSHRU) Raises $125 Million

Gesher Acquisition Corp. II (GSHRU), a SPAC that will search for a target business in Israel, raised $125 million – as expected – by pricing its IPO of 12.5 million units at $10.00 each – on Thursday night, March 20, 2025. Gesher Acquisition II is expected to start trading today – Friday, March 21, 2025 – on the NASDAQ. Each unit consists of one share of stock and one-half of one redeemable warrant.

BTIG served as the sole book-runner.

Gesher Acquisition Corp. II, based in Denver, intends “to focus on target businesses located in Israel, particularly those that conduct business internationally in Asia, Europe or North America,” according to the prospectus.

CEO Ezra Gardner is a partner at Varana Capital, LLC, an investment firm that he co-founded in 2012, the prospectus said. Varana Capital focuses on public and private market investing primarily in Israel.

CFO Sagi Dagan also works for Varana Capital, LLC, where he provides strategic oversight for innovative investment opportunities and financial operations. Dagan joined Varana Capital in June 2024. Previously, from 2017 to June 2024, Dagan was a senior executive at the Israel Innovation Authority.

Gesher Acquisition Corp. II ruled out the possibility of any engagement with “any entity that is incorporated, organized or has its principal business operations in China, Hong Kong or Macau.” Gesher Acquisition Corp. II is incorporated in the Cayman Islands.

Sectors of interest will include “the areas of mobility and electric vehicles, autonomy and robotics, AgTech (agricultural technologies) and FinTech (financial technology),” Gesher Acquisition Corp. II said in the prospectus. The blank check company said those sectors are aligned with their management team’s experience and interests.

At pricing, Gesher Acquisition Corp. II became the second SPAC IPO priced this week – following the pricing on Monday night of Quartzsea Acquisition Corp.’s deal. These deals are the only two SPAC IPOs priced so far in March 2025.

(For more information about these companies, please check the IPO Calendar and the individual IPO Profiles found on the IPOScoop.com  website.)

Note: Never trade on proposed symbols. They have been known to change and you might buy something on the OTC Bulletin Board.

To see what time the NASDAQ IPOs are expected to trade, please log in to: NASDAQTrader.com then scroll down to IPO Message.

Disclosure: Nobody on the IPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. The IPOScoop.com staff does not issue advice, recommendations or opinions.

Disclaimer: A SCOOP Rating (Wall Street Consensus of Opening-day Premiums) is a general consensus taken, at press time, from Wall Street and investment professionals concerning how well an IPO might perform when it starts trading. The SCOOP Rating does not reflect the opinions of anyone associated with IPOScoop.com. The SCOOP ratings should not be taken as investment advice. The rating merely reflects the opinion of the professionals at the time of publication and is subject to last-minute changes due to market conditions, changes in a specific offering and other factors, such as changes in the proposed offering terms and the  shifting of investor interest in the IPO. The information offered is taken from sources we believe to be reliable, but we cannot guarantee the accuracy.