Israel Acquisitions Corp (ISLUF) Extends Gadfin Merger Deadline to Jun

This summary was generated by AI from the company's SEC filing and may contain errors — always verify against the primary source on SEC.gov.

The short version

Israel Acquisitions Corp (ISLUF) filed an 8-K on June 17, 2026, disclosing that it signed a seventh amendment to its merger agreement with Gadfin Ltd. and Gadfin Regev Holdings Ltd. The amendment moves the termination date — the last day the deal can close before either side can walk away — to June 20, 2026. The original merger agreement was signed on January 26, 2025.

Israel Acquisitions Corp (ISLUF), a blank-check company (a shell company formed specifically to find and merge with a private business), has amended its merger agreement with Israeli drone-logistics company Gadfin Ltd. for the seventh time, according to an 8-K filing (a report companies must file to disclose major news) submitted to the SEC on June 17, 2026.

What Changed

The only substantive change in Amendment No. 7, dated June 15, 2026, is a new termination date of June 20, 2026. A termination date — sometimes called a "drop-dead date" — is the deadline by which the deal must close. If it does not close by that date, either side can choose to cancel the agreement, with one important catch: a party that caused the delay through its own wrongdoing cannot use that as an excuse to walk away.

Background

ISLUF and Gadfin Ltd. first signed their business combination agreement on January 26, 2025. The two companies, along with Gadfin Regev Holdings Ltd. (the planned new public company that would result from the merger), are the three parties to the deal. This is the seventh time the agreement has been amended, suggesting the transaction has faced repeated delays since it was first announced.

All other terms of the original merger agreement remain in place, according to the filing.

Key facts

Israel Acquisitions Corp (ticker: ISLUF, CIK: 0001915328) filed an 8-K on June 17, 2026

Amendment No. 7 to the Business Combination Agreement was signed on June 15, 2026

The new termination (drop-dead) date for the merger is June 20, 2026

Counterparties to the agreement are Gadfin Ltd. and Gadfin Regev Holdings Ltd., both domiciled in Israel

The original Business Combination Agreement was dated January 26, 2025

All other terms of the original agreement remain unchanged

Why it matters

This is the seventh extension of the merger deadline in roughly 17 months since the deal was first signed — a pattern that signals repeated difficulty closing the transaction. With the new drop-dead date set for June 20, 2026, just three days after the filing date, investors face an imminent binary outcome: the deal either closes almost immediately or either party gains the right to terminate. Shareholders in ISLUF, a SPAC (special purpose acquisition company) whose sole purpose is to complete this merger, have little runway left before the agreement can legally be dissolved.

Frequently asked

What is the new deadline for the Israel Acquisitions Corp and Gadfin merger?

Under Amendment No. 7, the merger must close by June 20, 2026. If it does not, either side can choose to cancel the deal.

How many times has the merger agreement been amended?

This is the seventh amendment to the original Business Combination Agreement, which was first signed on January 26, 2025.

Who are the parties to the merger agreement?

The three parties are Israel Acquisitions Corp (the SPAC), Gadfin Ltd. (the target company), and Gadfin Regev Holdings Ltd. (the planned new public company), all signing as of June 15, 2026.

Can a party cancel the deal if they caused the delay themselves?

No. According to the filing, a party that caused the failure to close the deal through its own breach of obligations cannot use the missed deadline as grounds to terminate the agreement.

What the filing reported

1.01 Entry into a Material Agreement

9.01 Financial Statements & Exhibits

Israel Acquisitions Corp (ISLUF) Extends Gadfin Merger Deadline to June 20