
Gadfin's De-SPAC: What Investors Need to Know
Gadfin, an Israeli developer of hydrogen-powered cargo drones, agreed to merge with Israel Acquisitions Corp (NASDAQ: ISLUF) in a de-SPAC that was originally expected to close in the second half of 2025. The setup had real upside if commercialization accelerated, but redemption risk, dilution, and a weak cash profile made execution the key issue — and the deal was later terminated.










