IGPACIntergovernmental Policy Advisory Committee (est. 1974)
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Negevtech and certain shareholders of Negevtech have committed that Negevtech or these shareholders will purchase shares of IGPAC Class B common stock with a value of up to $15 million in negotiated transactions with holders of such shares, in order to ensure that the requisite number of shares of IGPAC Class B common stock vote in favor of the merger.
IGPAC is a Special Purpose Acquisition Corporation ("SPAC") with the objective of effecting a merger, capital stock exchange, asset acquisition or other similar business combination with an operating business which has operations or facilities located in Israel.
Securities and Exchange Commission, which Form will include a proxy statement/prospectus for the stockholders of IGPAC, and that Negevtech and IGPAC will mail a proxy statement/prospectus to the stockholders of IGPAC containing information about the proposed transaction.