Vision Sensing Acquisition Corp - Ordinary Shares - Class A

NASDAQ:VSAC  
10.06
-0.04 (-0.40%)
Mergers / Acquisitions

Newsight Imaging To Go Public Via Combination With Vision Sensing

Published: 08/30/2022 13:45 GMT
Vision Sensing Acquisition Corp - Ordinary Shares - Class A (VSAC) - Newsight Imaging Ltd.
, an Innovative Israeli Semiconductor Company, Announces Signing of Definitive Agreement for Going Public Via Business Combination With Nasdaq Listed Vision Sensing Acquisition Corp.
Vision Sensing Acquisition Corp - Transaction Values Newsight at Us$215 Million.
Vision Sensing Acquisition Corp- Combined Company Will Be Led by Eli Assoolin, Newsight Imaging Ceo.
Vision Sensing Acquisition Corp - Combined Company Anticipates Being Listed on Nasdaq Capital Market Under Symbol "nsim".
Vision Sensing Acquisition Corp- Newsight's Current Management and Existing Equity Holders Will Roll a Minimum of 95% of Their Equity Into Combined Co.
Vision Sensing Acquisition Corp- Estimated Current Shareholders of Newsight Will Own About 53% of Issued, Outstanding Shares in Combined Co at Closing.
Vision Sensing Acquisition Corp - Combined Co to Receive Gross Proceeds of Up to $143.7 Million at Closing of Transaction by Vsac's Shareholders, Additional Financing of Up to Us$40 Million.