Blank Checks Company backed by Pitango, Amplify and Sphera, Chemi Peres will take over as Chairman of the Board. Israel Amplify Program Corp., a Special Purpose Acquisition Company (SPAC), raised $ 200 million on the New York Stock Exchange (NYSE). The company for blank checks will seek to merge with an Israeli technology company. SPAC supports Israeli venture capital funds Pitango and Sphera, as well as the Amplify Group, headed by Chemi Peres, who will be chair of SPAC. The CEO of SPAC will be Asher Levy, who previously held the position of CEO of Orbotech Ltd. (Nasdaq: ORBK) until sold to KLA in 2019. Amichai Steimberg, former vice president at Orbotech, will be President and Chief Operating Officer of Amplify and Pitango Partner Ramy Kalish will be director. Amplify is the seventh Israeli SPAC company to file for a Wall Street IPO in recent months, bringing the total amount raised to over $ 1.6 billion, if all bids continue. Posted by Globes, Israel business news – en.globes.co.il – on March 30, 2021 © Copyright Globes Publisher Itonut (1983) Ltd. 2021 Chemi Peres picture: Eyal Yitzhar
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