Foresight Signs an Agreement to Merge its Eye-Net™ Activities with Tamda
Foresight Autonomous Holdings Ltd. - American Depositary Shares (FRSX)
US:NASDAQ Investor Relations:
ir.foresightauto.com
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Source: Business Wire
NESS ZIONA, Israel--(BUSINESS WIRE)-- Foresight Autonomous Holdings Ltd., an innovator in automotive vision systems (NASDAQ and TASE: FRSX), announced today that it has signed a merger agreement with Tamda Ltd. (TASE: TMDA) and its controlling shareholder, Ipax Issues Ltd. According to the agreement, Foresight will spin off its activities dedicated to the development of its Eye-NetTM accident prevention system into its wholly owned subsidiary, then merge it into Tamda. The Eye-NetTM V2X (vehicle-to-everything) cellular-based accident prevention solution is designed to provide real-time pre-collision alerts to pedestrians and vehicles by using smartphones and relying on existing cellular networks. According to the agreement, Foresight will establish a wholly-owned subsidiary and transfer to the Subsidiary all of Foresight’s rights, including intellectual property, for no consideration. Upon the cl
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- Foresight Granted Patent Approval in Japan for All-Weather and Lighting Conditions Vision System [Yahoo! Finance]Yahoo! Finance
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- Foresight: Elbit Systems will Deploy Foresight's Breakthrough Technology with Order from Leading Defense Customer [Yahoo! Finance]Yahoo! Finance
- Foresight: Elbit Systems will Deploy Foresight's Breakthrough Technology with Order from Leading Defense CustomerGlobeNewswire
- Foresight: Eye-Net Collaborates with Leading Japanese Insurance Company Aiming to Reduce Accident Rate Through Connected Dashcams [Yahoo! Finance]Yahoo! Finance
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