Charles Ecalle - Jan 12, 2023 Form 3 Insider Report for Israel Acquisitions Corp (ISRL)

Role
10%+ Owner
Signature
/s/ Ian Ludd as attorney-in-fact
Stock symbol
ISRL
Transactions as of
Jan 12, 2023
Transactions value $
$0
Form type
3
Date filed
1/13/2023, 04:24 PM
Next filing
Jan 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding ISRL Class A ordinary shares, $0.0001 par value per share 600K Jan 12, 2023 See footnote F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding ISRL Class B ordinary shares, par value $0.0001 Jan 12, 2023 Class A ordinary share, $0.0001 par value 4.79M See footnote F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Class B ordinary shares are convertible for shares of the Issuer's Class A ordinary shares as described under the heading "Description of Securities" in the Issuer's Registration Statement on Form S-1 (File No. 333-263658) (the "Registration Statement") and have no expiration date. The Class B ordinary shares beneficially owned by the Reporting Person includes up to 625,000 Class B ordinary shares subject to forfeiture to the Issuer depending on the extent to which the underwriters' over-allotment option is exercised in connection with the Issuer's initial public offering of units, as described in the Registration Statement.
F2 The shares are held directly by the issuer's sponsor, Israel Acquisitions Sponsor LLC (the "Sponsor"). The managers of the Sponsor are Mr. Alex Greystoke and Mr. Charles Ecalle. Mr. Ecalle has voting and dispositive power over the shares held by the Sponsor and disclaims beneficial ownership over any securities owned by the Sponsor in which he does not have a pecuniary interest.

Remarks:

Exhibit 24 Power of Attorney.