June 2022

Freightos to raise $80 million on NASDAQ

The Freightos freight booking and payment platform says it will go public on the US NASDAQ exchange in the coming months and plans to raise at least $80 million in new investment. It will merge with Tel Aviv-based Special Purpose Acquisition Company (SPAC) Gesher Acquisition Corp.The combined entity will have a pro forma enterprise value of about $435 million, says FreightosA SPAC, sometimes known as a blank cheque company has ... [+]