Pomvom News
18 articles
Pomvom secures NIS 19.7m in private placement
Pomvom, an Israeli company specializing in digital experiential documentation for amusement parks, has raised NIS 19.7 million (approximately $5.3 million) through a private placement. The investment was led by Mor Investment House and IBI, with participation from other institutional investors and existing shareholders. This capital infusion is aimed at supporting Pomvoms strategic initiatives for 2025, including growth and expansion in the global amusement park market. The company provides digital content solutions to major clients like Merlin Entertainments, Warner Bros., and Six Flags Group. The funds will be used for capital investments related to current and new agreements, reinforcing Pomvoms leadership in the industry. The offering reflects a significant vote of confidence in the companys strategy and leadership.
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Israel Acquisitions Corp. and Pomvom Ltd. announce a mutual termination of the Business Combination Agreement
Israel Acquisitions Corp (ISRL) and Pomvom Ltd have mutually agreed to terminate their Business Combination Agreement and additional related agreements due to changes in global market conditions. The decision was made with the understanding that the current state of the capital markets does not allow for the transaction to proceed based on the originally agreed financial parameters. Both companies have agreed to waive any claim or demand against the other, except in relation to a violation of the Termination Agreement or a violation of the confidentiality obligations stipulated in the Merger Agreement.
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SPAC deal collapse sends Pomvom’s stock into freefall | CTech
Pomvom, a digital photography solutions developer for theme parks, saw its shares fall by 34.5% in Tel Aviv trading after a merger agreement that was expected to lead to its Nasdaq listing was cancelled. The merger was with a SPAC issued by former minister Izhar Shay on Nasdaq under the name Israel Acquisitions Corp. The cancellation was due to the current state of the capital markets not allowing for the transaction to proceed based on the originally agreed financial parameters. Pomvoms clients include major chains like Six Flags and Warner Bros.
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Israel Acquisitions Corp and Pomvom Ltd. Announce Confidential Submission of Draft Registration Statement to the SEC and Amendment of the Business Combination Agreement for Proposed Business Combination
Israel Acquisitions Corp (ISRL), Pomvom Ltd., and Present Experience Ltd. have announced the filing of a confidential draft of a registration statement of Present Experience on Form F-4 with the U.S. Securities and Exchange Commission. This is in connection with the previously announced business combination agreement between ISRL and Pomvom. The transactions are subject to approval by Pomvom and ISRLs stockholders, satisfaction of the conditions stated in the Business Combination Agreement, and other customary closing conditions. ISRL and Pomvom have also entered into Amendment No. 1 to the Business Combination Agreement, extending various deadlines to 2024.
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Pomvom: הסכם הלוואה בסך 8 מיליון דולר עם תאגיד בנקאי ישראל
Pomvom Ltd., a technology company developing experiential content for amusement parks and attractions worldwide, has secured a loan of $8 million from a major Israeli commercial bank. The loan, which will be fully utilized by the company immediately, will bear an annual interest rate, starting 30 days from the date of the loan, at a monthly Term SOFR rate, plus 7%, without linkage. The loan principal and interest will be repaid in 48 monthly installments starting from April 2024. The company is also in the process of merging with SPAC Israel Acquisitions Corp.
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Pomvom Ltd. and Israel Acquisitions Corp. Announce Definitive Business Combination Agreement, Bringing the Leading Experiential Content Company to the Nasdaq
Israel Acquisitions Corp. and Pomvom Ltd., a technology company that develops experiential content for amusement parks, have announced a definitive business combination agreement. The combined company will trade on the Nasdaq and leverage Pomvoms technology and the expertise of the ISRL team. The total equity value for Pomvom is $125 million USD. Pomvom serves many of the largest theme park and attraction operators globally, including Six Flags, Warner Bros., and Merlin Entertainment. The company expects to increase the number of partner sites to 47 by the end of 2024.
AcquisitionPublic Trading
Pomvom Ltd. and Israel Acquisitions Corp. Announce Definitive Business Combination Agreement, Bringing the Leading Experiential Content Company to the Nasdaq
Israel Acquisitions Corp. and Pomvom Ltd., a technology company that develops content for amusement parks, have announced a definitive business combination agreement. The combined company will trade on the Nasdaq and leverage Pomvoms technology and the expertise of the ISRL team. Pomvom has strategic long-term agreements with Warner Bros. and Six Flags, which are expected to increase the number of partner sites for Pomvom to 47 sites by the end of 2024. The companys revenues in 2022 were approximately $57.4 million. The transaction, including a capital injection of at least $20 million, is expected to be completed by the end of Q3 2024.
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Noname Security Expands Leadership Team to Drive Company's Next Phase of Growth
Noname Security, a provider of API security platforms, has announced the appointment of Yossi Dagan as CFO, Einat Idan as Chief of Staff, and Arie Sholomon as VP of R&D. These appointments are expected to drive the companys growth strategy and enhance its global presence. The company has also announced promotions within its team and formed strategic alliances with IBM, Intel, and Wiz. Noname Security continues to hire as the demand for API security increases.
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פוםוום מעוניינת להתמזג לספאק לפי שווי גבוה פי 12 משווייה בתל אביב
Pomvom (פוםוום) מודיעה על הסכם לכ- 5 שנים להענקת שירותיה בחנות הדגל של Harry Potter בניו יורק
Pomvom, a technology company that develops and provides experiential digital documentation solutions for the global amusement park and attractions market, has signed a five-year agreement with Warner Bros. (WB), an existing strategic partner of the company. As part of the agreement, Pomvom will exclusively provide its experiential documentation services at an additional site of the group, the Harry Potter NY store, located in Manhattan, New York. This site joins three other WB group sites where Pomvom exclusively provides its experiential documentation services. The company estimates that the installation of the digital system it developed for experiential documentation at the Harry Potter NY store will be completed during the first quarter of 2024.
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Pomvom lands deal with the new The Making of Harry Potter park in Tokyo | CTech
Pomvom, an Israeli company that provides photography solutions for theme parks, has entered into an agreement with Warner Bros to install systems in the new Harry Potter park in Tokyo. The deal is expected to generate revenues of $9-13.5 million per year for five years. Pomvoms contracts are based on revenue sharing, with 40-60% going to the site operator and the rest to Pomvom. The company also has a non-binding memorandum of understanding with Six Flags to provide services in 11 of its parks in North America. Pomvoms revenues from its contracts with Warner Bros and Merlin accounted for a significant portion of its annual revenue. Despite the improvement in income, Pomvom is still not profitable but expects continued growth in revenues with the new deals.
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Thrill ride: Pomvom's automated photography solution coming to Six Flags | CTech
Pomvom, a company that develops digital photography solutions for amusement parks, has signed a letter of intent with American theme park giant Six Flags. The deal, which could be the biggest in Pomvoms history, could potentially generate $21 million per year in revenue. Pomvom will provide its services to 11 Six Flags parks in the U.S. over five years, with operations expected to start by the end of 2024. The companys systems are currently installed in 21 amusement parks in Europe and the U.S., and this agreement will increase the number to 52.
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פוםוום נכנסת לשוק היפני: צופה הכנסות של 400 מיליון ש’ משירותי צילום לפארק בטוקיו
פוםוום, a company that develops AI-based digital photography solutions for amusement parks and experiential events, has signed an agreement with an undisclosed strategic customer. The company will provide experiential photography services at the customers premium sites for five years, starting in 2023. Since its IPO in April 2021, פוםווםs stock has plummeted by over 70%. The company reported a loss of 2.6 million shekels in Q3 compared to a profit of 4.3 million shekels in the same period last year. The expected gross revenues from the agreement are estimated to be around 400 million shekels for the contract period, with an average annual revenue of 80 million shekels. The company will enter the Japanese attractions and amusement market for the first time, providing its services at the partners new site in Tokyo, which is planned to open in summer 2023.
Customers
פוםוום עם דריסת רגל חדשה בשוק פארקי המים
FOMO, a company that develops and provides AI-based digital photography solutions for the global amusement park and multi-participant experiential events market, has signed a three-year agreement (with an option for two additional years) to provide experiential photography services in a full-digital model with the Aquopolis water park in Madrid. The park is owned by the Spanish group Parques Reunidos, one of the worlds largest amusement park groups, which operates about 60 parks and attractions in Europe, North America, Australia and the Middle East. The system has already been installed in the park and the service will be launched to visitors during June.
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Image recognition co Pomvom raises NIS 38m in TASE IPO
Israeli AI image recognition company Pomvom has completed its IPO on the Tel Aviv Stock Exchange, raising NIS 38 million and selling a 28% stake to the public. The companys platform offers unique AI image services to amusement park operators and event organizers. Pomvom has partnerships with amusement park operators, including Merlin Entertainment. The company acquired the proprietary technology of Picsolve during the Covid-19 crisis. CEO Yehua Minkovicz expects rapid growth for the company in the coming years.
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הנפקה עם תמונה למזכרת: פוםוום תנסה לגייס לפי 100 מיליון שקל
PomVom has developed technology that allows real-time photo transfer to mobile phones at parks, festivals, and events. The company is preparing for a post-pandemic world and plans to raise 40 million shekels on the stock exchange. The idea for PomVom came when its CEO, יהודה מינקוביץ, visited an amusement park and thought of allowing visitors to receive their photos directly on their mobile phones. PomVom was founded in 2015 by יהודה מינקוביץ, חגי פינברג, and שמואל אסא.
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AI image recognition company Pomvom eyeing $45 million IPO
Israeli AI image recognition company Pomvom is targeting an IPO on the Tel Aviv Stock Exchange at a valuation of NIS 150 million. Pomvom plans to offer 30% of its shares and raise around NIS 45-50 million. The company previously completed a private funding round at a valuation of $30 million. Pomvoms technology enables site operators in the entertainment and attractions industry to provide personalized digital content to guests. They acquired Picsolve, a British digital content capture partner, for one million pounds. The attraction photo industry, which Pomvom caters to, was estimated at $1 billion in 2019.
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http://www.inparkmagazine.com/picsolve-pomvom-merger/
Picsolve, a digital content capture partner for visitor destinations, and Pomvom, an AI tech company based in Tel Aviv, have announced their merger. The merger was completed on 19th June and combines the expertise of both companies in new market segments including music concerts, festivals, and sporting events. The merger follows a number of successful product launches by Picsolve’s innovation and creativity hub, Picsolve Lab. Meanwhile, entertainment and attractions companies worldwide have been benefiting from Pomvom’s AI image recognition technology.
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