FedEx-Backed Freightos to Go Public Via Merger With Gesher SPAC

Freightos Ltd., a digital platform for global freight-booking services, is set to go public through its tie-up with blank-check company Gesher I Acquisition Corp.

As part of the transaction, Freightos has secured $80 million in capital commitments to further scale the business and improve margins, according to a statement reviewed by Bloomberg News. The newly combined entity will have an implied pro forma enterprise value of about $435 million, the companies said.

With headquarters in Jerusalem and Barcelona, Freightos operates as a digital marketplace for the international freight industry. The platform allows for real-time global rate comparisons and booking ...