The proposed SPAC transaction is expected to provide Israeli startup Hub Security with $176 million in additional cash.

The online payments startup will become public through a merger agreement with SPAC company FTAC Olympus Acquisition Corp.

Israeli-founded companies Taboola and Outbrain first announced their expected merger last year to challenge Google and Facebook's ad duopoly.

Israeli 3D printer company Objet is merging with its American counterpart Stratasys, creating a 3D printing giant with an equity value of approximately $1.4 billion. Objet creates prototypes for companies in the automotive, electronics, toys, jewelry and footwear industries.