ION Acquisition Corp 1 Ltd. Completes $258.75 Million Initial Public Offering

NEW YORK--(BUSINESS WIRE)--ION Acquisition Corp 1 Ltd. (the “Company”) announced today the closing of its initial public offering of 25,875,000 units, which includes 3,375,000 units issued pursuant to the exercise by the underwriters of their over-allotment option at the initial public offering price. The offering was priced at $10.00 per unit, resulting in gross proceeds of $258,750,000.