Homebankrolling Freightos, a Leading Booking and Payment Platform Digitalizing Global Freight, to...

[Freightos in Freightos] Freightos, a Leading Booking and Payment Platform Digitalizing Global Freight, to Raise Growth Capital and Become Public via Business Combination with Gesher I Acquisition Corp.

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Jerusalem – May 31, 2022 – Freightos Limited, a leading global freight booking and payment platform (“Freightos” or the “Company”), and Gesher I Acquisition Corp. (NASDAQ: GIAC, “Gesher”), a special purpose acquisition company, today announced they have entered into a definitive merger agreement that would result in Freightos being publicly listed on the NASDAQ under the ticker symbol FROS. The combined entity, to be known as Freightos, with offices around the world, will have a pro forma enterprise value of approximately $435 million.

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