ION Acquisition Corp 1 Ltd is a newly organized blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The managers of the sponsor are affiliated with ION Asset Management Ltd (“ION”), an Israeli-based investment management group which currently manages assets worth approximately $1.5bn. While ION Acquisition Corp 1 Ltd may pursue an initial business combination opportunity in any industry or sector, they intend to focus on the rapidly growing universe of Israeli companies and entrepreneurs that apply technology and innovation in people’s everyday lives.