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Israeli HR Tech Firm Pilat Plans Canadian IPO Via SPAC Merger
Israeli HR tech firm Pilat is set to list on Canada's TSX Ventures exchange via a reverse merger by mid-2027, aiming to raise $6 million CAD and achieve a valuation of $52 million CAD.
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What happened
- 01Israeli HR tech firm Pilat plans to list on Canada's TSX Ventures exchange by mid-2027 via a reverse merger.
- 02The company aims to raise $6 million CAD and expects a post-merger valuation of $52 million CAD.
- 03Pilat reported $6.3 million in revenue and $1.25 million in EBITDA in 2025.
- 04The firm's AI assessment system, EVA, is used by the IDF, Mizrahi Bank, and Israel Post.
- 05The listing is intended to facilitate international expansion, particularly in North America.
- 06Pilat was founded in 1974 and is chaired by Zohar Maimon.
The company, which reported $6.3 million in revenue and $1.25 million in EBITDA in 2025, will use the listing to expand its AI-driven employee assessment technology internationally. Pilat's EVA system, already in use by major Israeli organizations, has shown a high correlation with expert evaluations.
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