Filed by Freightos Limited
Pursuant to Rule 425 under the Securities Act of 1933
and deemed filed under Rule 14a-12 under the
Securities Exchange Act of 1934
Subject Company: Gesher I Acquisition Corp.
Commission File No. 001-40897
Date: July 20, 2022
The
following is a transcript of a podcast interview first made available on July 20, 2022.
SPACInsider Podcast Interview Transcript
Nick Clayton (SPACInsider): Hello, and welcome to another SPACInsider podcast. Im Nick Clayton. And this week, my colleague Marlena Haddad and I
will be speaking with Zvi Schreiber, CEO of Freightos, and Ezra Gardner, CEO of Gesher I Acquisition Corp. The two entered into a $436 million merger last month. Freightos has created a freight shipping marketplace that works much like a flight
booking website, just with much bigger size and weight limits. He talks about why the freight shipping space remains largely undigitized and how the visibility his platform has achieved has spun into financial derivatives and sustainability metrics.
Ezra also gets into why Gesher I made sure early in its process that it had enough committed capital for the transaction, and what advice he has for other SPAC teams in the current climate. Take a listen.
Well, what a time to be involved in supply chain solutions. The needs in this area arent new, but it seems like the past six months have been
particularly challenging for the companies that are your clients. So, Zvi, I mean, setting aside this deal, which were going to get into, certainly, just how crazy has the first half of 2022 been for Freightos?
Zvi Schreiber (Freightos Limited, Chief Executive Officer): Yeah, its been an exciting time for the reason that you said, that supply chains have
been hurting because of the pandemic, because of the war, because of several other factors, weather patterns. Theres a lot of disruptions going on. And so its been a good time, actually, ironically, a good time to be a digital platform
for international shipping because people need choices, they need flexibility, they need to be able to move quickly. And so maybe years ago it was feasible for people to just have their constant supply routes, but thats not the case anymore.
People need agility, and a digital platform like Freightos is the perfect solution at a time like this.
Clayton: And for you, Ezra, Gesher has
been searching specifically in the Israeli technology space since last October when you IPOd. And there are plenty to choose from there in terms of targets, as weve seen a raft of SPAC deals in that space over the past two years. But
within that ecosystem, was it the acute demand in logistics technology that initially directed you to look at Freightos, or was it some of the things that the Freightos team has already accomplished?
Ezra Gardner (Gesher I Acquisition Corp., Chief Executive Officer): Yeah, I mean, that was certainly one of the factors, right? When youre
looking to take a company public through a SPAC, there needs to be a good industrial logic reason for why a company should go public. And in this market, there needs to be an even better reason for now, right? And so certainly thats the case
with Freightos. The increased transparency that Freightos is going to have will help it expand its already impressive lead on both sides, both the freight forwarders, which are purchasing the shipping, and the shippers, the capacity providers. In
many cases some of them are very large public companies as well, and its nice to do business with other public companies. So, thats a great reason.
But beyond that, absolutely, we were looking for an exceptional management team. We were looking for a business vertical that was successfully addressing a
large untapped market. We wanted the market leader. And finally, we wanted a company that had really strong predictability, which is important to go public. And thats something thats really a hallmark of Freightos.
Marlena Haddad (SPACInsider): And then, so just generally speaking, freight logistics is one of the last remaining industries thats largely
undigitized. So why is now the right time to basically digitalize the sector? And what took so long for this to happen?