Israel Amplify program files for $ 200 million NYSE SPAC

A blank check company backed by Pitango, Amplify and Sphera, Chemi Peres will serve as chairman.

Israel Amplify Program Corp., a Special Purpose Acquisition Company (SPAC), has filed a request to raise $ 200 million on the New York Stock Exchange (NYSE). The blank check company will seek to merge with an Israeli tech company.

SPAC is supported by Israeli venture capital funds Pitango and Sphera, as well as the Amplify group, chaired by Chemi Peres, who will chair SPAC. The CEO of PSPC will be Asher Levy, who was previously Orbotech Ltd. (Nasdaq: ORBK) CEO until sold to KLA in 2019. Amichai Steimberg, former Vice President of Orbotech, will serve as President and COO of Amplify and Pitango partner Rami Kalisch will serve as a director .

Amplify is the seventh Israeli SPAC to file an IPO on Wall Street in recent months, bringing the total amount raised to more than $ 1.6 billion, if all offers go through.

Posted by Globes, Israel Business News – – March 30, 2021

© Copyright of Globes Publisher Itonut (1983) Ltd. 2021

Chemi Peres Photo: Eyal Yitzhar

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