Ehud Barak's Cyber Firm Paragon to List on Nasdaq Via SPAC Merger
Paragon, an offensive cyber intelligence firm co-founded by former Israeli Prime Minister Ehud Barak and former head of military intelligence unit 8200, Ehud Schneorson, announced its intention to list on the Nasdaq stock exchange. The company plans to achieve this through a merger with a Special Purpose Acquisition Company (SPAC).
While the exact valuation and timeline for the listing were not disclosed, Paragon stated that this SPAC route was chosen over a traditional IPO to "take advantage of the market window of opportunity." The company was acquired in December 2024 by the American investment firm AE Industrial Partners for an estimated $900 million, contingent on meeting certain milestones.
Paragon, established in 2019 by veterans of Israel's intelligence community, will maintain its development and innovation center in Israel following the completion of the merger. The company's flagship product, Graphite, is reportedly capable of penetrating encrypted applications such as WhatsApp and Signal.
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