SEC Comment Letter 0000000000-22-013683 to Freightos Ltd (CRGO, CRGOW) (CIK 0001927719) (CRGO)
Freightos Ltd (CRGO, CRGOW) (CIK 0001927719)
Date: Dec. 19, 2022 · CIK: 0001927719 · Accession: 0000000000-22-013683
AI Filing Summary & Sentiment
File numbers found in text: 333-268742
Letter
United States securities and exchange commission logo December 19, 2022 Zvi Schreiber Chief Executive Officer Freightos Ltd HaPo’el 1 Derech Agudat Sport HaPo’el Jerusalem, Israel 9695102 Re:Freightos Ltd Registration Statement on Form F-4 Filed December 9, 2022 File No. 333-268742 Dear Zvi Schreiber: We have reviewed your registration statement and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe our comments apply to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to these comments, we may have additional comments. Form F-4 filed December 9, 2022 Proposal One - The Business Combination Proposal Background of the Business Combination, page 98 1.We note your revised disclosure in response to comment 2. Please identify the peer group of public companies that Gesher's management considered in arriving at the initial estimate of the enterprise value range. With respect to the discounted cash flow analysis, disclose the discount rates and the basis for Gesher's management selection of those rates. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff.
FirstName LastNameZvi Schreiber Comapany NameFreightos Ltd December 19, 2022 Page 2 FirstName LastName Zvi Schreiber Freightos Ltd December 19, 2022 Page 2 Refer to Rules 460 and 461 regarding requests for acceleration. Please allow adequate time for us to review any amendment prior to the requested effective date of the registration statement. You may contact Sondra Snyder, Staff Accountant, at 202-551-3332 or Robert Babula, Staff Accountant, at 202-551-3339 if you have questions regarding comments on the financial statements and related matters. Please contact Anuja Majmudar, Staff Attorney, at 202- 551- 3844 or Loan Lauren Nguyen, Legal Branch Chief, at 202-551-3642 with any other questions.
Sincerely,
Division of Corporation Finance
Office of Energy & Transportation
cc: Stephen Alicanti
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United States securities and exchange commission logo
December 19, 2022
Zvi Schreiber
Chief Executive Officer
Freightos Ltd
HaPo’el 1
Derech Agudat Sport HaPo’el
Jerusalem, Israel 9695102
Re:Freightos Ltd
Registration Statement on Form F-4
Filed December 9, 2022
File No. 333-268742
Dear Zvi Schreiber:
We have reviewed your registration statement and have the following comments. In
some of our comments, we may ask you to provide us with information so we may better
understand your disclosure.
Please respond to this letter by amending your registration statement and providing the
requested information. If you do not believe our comments apply to your facts and
circumstances or do not believe an amendment is appropriate, please tell us why in your
response.
After reviewing any amendment to your registration statement and the information you
provide in response to these comments, we may have additional comments.
Form F-4 filed December 9, 2022
Proposal One - The Business Combination Proposal
Background of the Business Combination, page 98
1.We note your revised disclosure in response to comment 2. Please identify the peer group
of public companies that Gesher's management considered in arriving at the initial
estimate of the enterprise value range. With respect to the discounted cash flow analysis,
disclose the discount rates and the basis for Gesher's management selection of those rates.
We remind you that the company and its management are responsible for the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action or absence of
action by the staff.
FirstName LastNameZvi Schreiber
Comapany NameFreightos Ltd
December 19, 2022 Page 2
FirstName LastName
Zvi Schreiber
Freightos Ltd
December 19, 2022
Page 2
Refer to Rules 460 and 461 regarding requests for acceleration. Please allow adequate
time for us to review any amendment prior to the requested effective date of the registration
statement.
You may contact Sondra Snyder, Staff Accountant, at 202-551-3332 or Robert Babula,
Staff Accountant, at 202-551-3339 if you have questions regarding comments on the financial
statements and related matters. Please contact Anuja Majmudar, Staff Attorney, at 202- 551-
3844 or Loan Lauren Nguyen, Legal Branch Chief, at 202-551-3642 with any other questions.
Sincerely,
Division of Corporation Finance
Office of Energy & Transportation
cc: Stephen Alicanti