Stockreport
Foresight Enters Non-Binding Term Sheet for $17.5 Million Strategic Investment at Significant Premium to Current Market Price and Focus on Defense Collaboration
Foresight Autonomous Holdings Ltd. - American Depositary Shares (FRSX)
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Source: GlobeNewswire
US:NASDAQ Investor Relations: ir.foresightauto.com
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The strategic equity investment reflects a multiple of three times of Foresight’s current market value to reach a post investment valuation of approximately $35 million
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