Israel Acquisitions Corp Files 10-Q for Q3 2024

TL;DR

Israel Acquisitions Corp 10-Q filed. Focus on common stock classes and warrants. #SECfilings

AI Summary

Israel Acquisitions Corp filed its 10-Q for the period ending September 30, 2024. The company, incorporated in Delaware with its principal business address in Bee Cave, TX, is classified under "BLANK CHECKS" in the Real Estate & Construction sector. The filing details various classes of common stock, including those subject to possible redemption, and warrants.

Why It Matters

This 10-Q filing provides investors with an update on Israel Acquisitions Corp's financial status and corporate structure as of the end of the third quarter of 2024.

Risk Assessment

Risk Level: low — This filing is a standard quarterly report and does not contain immediate, high-impact financial distress signals.

Key Numbers

• 2024-09-30 — Reporting Period End Date (This is the end date for the financial information presented in the 10-Q.)
• 1231 — Fiscal Year End (Indicates the company's fiscal year concludes on December 31st.)

Key Players & Entities

• Israel Acquisitions Corp (company) — Filer of the 10-Q
• 2024-09-30 (date) — End of the reporting period
• Bee Cave, TX (location) — Business and mailing address
• BLANK CHECKS [6770] (industry_code) — Company's SIC code

FAQ

Key Financial Figures

• $0.0001 — LC Class A ordinary shares, par value $0.0001 per share ISRL The Nasdaq Stock Mar
• $11.50 — ary share, each at an exercise price of $11.50 per share ISRLW The Nasdaq Stock Ma

Filing Documents

• isrlu-20240930x10q.htm (10-Q) — 1282KB
• isrlu-20240930xex31d1.htm (EX-31.1) — 12KB
• isrlu-20240930xex31d2.htm (EX-31.2) — 12KB
• isrlu-20240930xex32d1.htm (EX-32.1) — 6KB
• isrlu-20240930xex32d2.htm (EX-32.2) — 7KB
• 0001410578-24-002006.txt ( ) — 6198KB
• isrlu-20240930.xsd (EX-101.SCH) — 48KB
• isrlu-20240930_cal.xml (EX-101.CAL) — 27KB
• isrlu-20240930_def.xml (EX-101.DEF) — 215KB
• isrlu-20240930_lab.xml (EX-101.LAB) — 350KB
• isrlu-20240930_pre.xml (EX-101.PRE) — 290KB
• isrlu-20240930x10q_htm.xml (XML) — 1201KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION 2

Interim Financial Statements (unaudited)

Item 1. Interim Financial Statements (unaudited). 2 Condensed Balance Sheets as of September 30, 2024 and December 31, 2023 2 Condensed Statements of Operations for the three and nine months ended September 30, 2024 and 2023 3 Condensed Statements of Changes in Ordinary Shares Subject to Possible Redemption and Shareholders' Deficit for the three and nine months ended September 30, 2024 and 2023 4 Condensed Statements of Cash Flows for the nine months ended September 30, 2024 and 2023 5

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 22

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 25

Controls and Procedures

Item 4. Controls and Procedures 25

- OTHER INFORMATION

PART II - OTHER INFORMATION 27

Legal Proceedings

Item 1. Legal Proceedings 27

A. Risk Factors

Item 1.A. Risk Factors 27

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. 27

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 27

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 27

Other Information

Item 5. Other Information 27

Exhibits

Item 6. Exhibits 28

- SIGNATURES

PART III - SIGNATURES 29 1 Table of Contents

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

Interim Financial Statements

Item 1. Interim Financial Statements. ISRAEL ACQUISITIONS CORP CONDENSED BALANCE SHEETS (UNAUDITED) September 30, December 31, 2024 2023 ASSETS Current assets: Cash and cash equivalents $ 26,702 $ 671,628 Prepaid expenses 29,301 145,114 Cash and Marketable Securities held in Trust Account 81,508,968 153,702,006 Total Current Assets 81,564,971 154,518,748 Total Assets $ 81,564,971 $ 154,518,748 LIABILITIES, CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION AND SHAREHOLDERS' DEFICIT Current liabilities: Accrued expenses $ 183,073 $ 55,000 Accounts payable 230,903 91,139 Due to related party 90,000 116,129 Promissory note – related party 600,000 — Deferred underwriting commissions 5,406,250 5,406,250 Total Current Liabilities 6,510,226 5,668,518 Total Liabilities 6,510,226 5,668,518 Commitments and Contingencies (Note 5) Class A ordinary shares subject to possible redemption, $ 0.0001 par value; 7,259,615 and 14,375,000 shares issued and outstanding at redemption value at September 30, 2024 and December 31, 2023, respectively 81,508,968 153,702,006 Shareholders' Deficit Preference shares, $ 0.0001 par value; 2,000,000 shares authorized; none issued and outstanding — — Class A ordinary shares, $ 0.0001 par value, 200,000,000 shares authorized; 762,500 shares issued and outstanding (excluding 7,259,615 and 14,375,000 shares subject to possible redemption) at September 30, 2024 and December 31, 2023, respectively 76 76 Class B ordinary shares, $ 0.0001 par value, 20,000,000 shares authorized; 4,791,667 shares issued and outstanding at September 30, 2024 and December 31, 2023 479 479 Additional paid-in capital — — Accumulated deficit ( 6,454,778 ) ( 4,852,331 ) Total Shareholders' Deficit ( 6,454,223 ) ( 4,851,776 ) TOTAL LIABILITIES, CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION AND SHAREHOLDERS' DEFICIT $ 81,564,971 $ 154,5

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