Foresight Raises $5.5 Million (NIS 20 Million) from Leading Israeli Institutional Investor Through Private Placement
Foresight Autonomous Holdings Ltd. - American Depositary Shares (FRSX)
US:NASDAQ Investor Relations:
ir.foresightauto.com
Company Research
Source: Business Wire
NESS ZIONA, Israel--(BUSINESS WIRE)-- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an innovator in automotive vision systems, announced today that it has entered into private placement agreements with Harel Insurance, a leading Israeli institutional investor. Following the closing of the private placement, Harel Insurance will hold an aggregate of approximately 8.15% of Foresight’s issued share capital. Pursuant to the terms of the private placement, which totaled $5.5 million (NIS 20 Million), Foresight, subject to customary closing conditions, will issue 9,756,097 ordinary shares at a price per share of NIS 2.05 (approximately $0.56 per ordinary share, or $2.81 per ADS). In addition, Foresight agreed to issue warrants to purchase 9,756,097 ordinary shares at an exercise price of $0.80 per share (approximately $4 per ADS), exercisable for a period of 24 months. This private placem
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FRSX
Sec Filings
- 4/17/24 - Form 6-K
- 4/3/24 - Form 6-K
- 3/27/24 - Form 6-K
- FRSX's page on the SEC website