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Pomvom secures NIS 19.7m in private placement Investments News 

Pomvom secures NIS 19.7m in private placement

lsraeli amusement park imaging company Pomvom is raising NIS 19.7 million (about $5.3 million) through an allocation to institutional investors in a private placement, reports Globes, Israel business news.  The offering was led by the provident and mutual funds of Mor Investment House and the mutual and hedge funds of IBI, alongside existing shareholders and additional classified investors. Other investors... Read More
Pomvom to combine with private equity firm Acquisitions News 

Pomvom to combine with private equity firm

Israeli “experiential content” provider Pomvom Ltd. announced business combination agreement with publicly traded special purpose acquisition company Israel Acquisitions Corp. at a total equity value for Pomvom of $US125 million. The combined company will trade on the Nasdaq and leverage Pomvom’s leading technology augmented with the expertise of the ISRL team, the company said in a press release. At the... Read More
Pomvom signs five-year agreement for 15 amusement parks News 

Pomvom signs five-year agreement for 15 amusement parks

Pomvom signed a five-year agreement with Merlin Entertainments to operate its AI-powered souvenir photography technology in 15 of its amusement parks and attractions in the U.S. and Europe, according to CTech. The deal is set to earn Israel-based Pomvom an estimated $75-$100 million at sites including Madame Tussauds, London Eye, and Legoland. The 15 sites attracted a total of 25-30... Read More