Freightos, a fast-growing ocean and air freight marketplace similar to Expedia in air travel, announced late Tuesday it is going public through a merger with Gersher Acquisition Company.
The company will be listed on the NASDAQ exchange under the ticker symbol FROS.
The Freightos SPAC will have a pro forma enterprise value of approximately $435 million and could generate up to $166 million, although realized cash could be a quarter of that amount depending on the extent of Gersher’s pre-merger...