Gesher Acquisition Corp. II (NASDAQ: GSHRU) just made headlines by closing its $143.75 million IPO. If this name is new to you, here’s the rundown: It’s a blank check company, also known as a SPAC (Special Purpose Acquisition Company). In simple terms, it has a pile of cash but no business, yet. Their mission is to find a company, merge, and take it public in one bold move.

Israel’s Next Unicorn?

Gesher II isn’t just any SPAC. It’s hunting for a tech company in Israel, maybe something in electric vehicles, fintech, robotics, or agtech. Its first SPAC, Gesher I, pulled off a successful merger with Freightos (CRGO), so this isn’t their first rodeo. The team behind it, led by CEO Ezra Gardner and CFO Sagi Dagan, knows the game.

Deal Worth Watching

Each unit sold in the IPO includes one Class A ordinary share and half a warrant, priced at $10 per unit. Investors are hoping this will turn into a hot merger deal. The stock is trading on Nasdaq under the ticker GSHRU, with the shares and warrants expected to trade separately as GSHR and GSHRW soon.

SPACs were the trend in 2020-2021, but in 2025? Not so much. They’re still around, though, and Gesher II proves that there’s still demand, especially for niche markets like Israeli tech. This deal brings the total SPAC count for 2025 to 18.

SPACs can be risky, but they also offer a chance to get in early on something big. Gesher II’s focus on Israeli tech could be a smart move. Will it pay off? Time will tell, but if history repeats itself, this might be one to watch.