Foresight Increases Stake in RailVision Following Successful Technological and Commercial Developments
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:FRSX) (TASE:FRSX), an innovator in automotive vision systems, announced today that it has increased its stake in RailVision Ltd. by exercising warrants into 2,704 of RailVision’s ordinary shares for an aggregate of $0.6 million. The exercise follows RailVision’s successful participation at the InnoTrans International Trade Fair for Transport Technology last September in Berlin, where RailVision demonstrated substantial technological and commercial progress. Following the exercise, Foresight holds 36.33% of the issued and outstanding share capital of RailVision and 33.78% on a fully diluted basis. At the InnoTrans fair, RailVision presented its add-on big data module concept, enabling customized real-time and offline analysis of rail infrastructure and the surrounding ecosystems. The module concept is designed to carry out di
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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