01/02/2026 | Press release | Distributed by Public on 01/02/2026 16:16
Item 1.01. Entry into a Material Definitive Agreement.
On January 12, 2023, Israel Acquisitions Corp, a Cayman Islands exempted company (the "Company") entered into an Administrative Services Agreement (the "Agreement"), with Israel Acquisitions Sponsor LLC (the "Sponsor", together with the Company, the "Parties"). On December 31, 2025, the Parties entered into a waiver to the Agreement (the "Waiver") whereby the Parties agreed to waive the administrative fees due under the Agreement. Pursuant to the Waiver, the waived administrative fees include (i) the $10,000 per month owed to the Sponsor until the consummation by the Company of an initial business combination or the Company's liquidation, and (ii) the $240,000 accrued fees to date.
The foregoing description of the Waiver is only a summary and is qualified in its entirety by reference to the full text of the Waiver, which is attached hereto as Exhibit 10.1, and incorporated by reference herein.