Overview
Hailo Technologies Ltd., a chipmaker, is preparing to go public through a merger with a special-purpose acquisition company (SPAC) to address its urgent need for liquidity. The plan was revealed by Calcalist, citing regulatory filings from investor Delek Automotive. Hailo has recently laid off nearly 10% of its workforce as part of its financial restructuring efforts.
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Investors: Delek Automotive
Hailo Technologies Ltd., a chipmaker, is preparing to go public through a merger with a special-purpose acquisition company (SPAC) to address its urgent need for liquidity. The plan was revealed by Calcalist, citing regulatory filings from investor Delek Automotive. Hailo has recently laid off nearly 10% of its workforce as part of its financial restructuring efforts.