DLA, Bryan Cave Lead SPAC for Digital Freight Platform Freightos

June 6, 2022, 10:55 AM UTC

Bryan Cave Leighton Paisner is advising Israel-headquartered special purpose acquisition company Gesher I Acquisition Corp. on its go-public merger with Freightos Limited, a FedEx-backed digital freight booking and payment platform.

DLA Piper is advising Hong Kong-based Freightos, which says its platform will allow digitalizing one of the world’s “last offline industries.” Gesher estimates the addressable market for freight digitalization at $1.8 trillion in global booking value by 2025, according to a statement.

After the transaction’s expected close in the second half of 2022, Freightos is expected to be publicly listed on the Nasdaq exchange under the ticker symbol “FROS.” The ...

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