NetworkNewsBreaks – Foresight Autonomous Holding
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Posted On: 06/21/2018 4:54:48 PM
NetworkNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Secures $5.5M Through Private Placement
Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX) this morning announced that it has entered into private placement agreements with Harel Insurance, a prominent Israeli institutional investor. Per the agreement, Foresight will issue 9,756,097 ordinary shares at approximately $0.56 per ordinary share, subject to customary closing conditions. The company also agreed to issue warrants to purchase 9,756,097 ordinary shares at an exercise price of $0.80 per share, exercisable for a period of 24 months. Upon the closing of the private placement, which totaled $5.5 million, Harel Insurance will hold a total of roughly 8.15% of Foresight’s issued share capital.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX) this morning announced that it has entered into private placement agreements with Harel Insurance, a prominent Israeli institutional investor. Per the agreement, Foresight will issue 9,756,097 ordinary shares at approximately $0.56 per ordinary share, subject to customary closing conditions. The company also agreed to issue warrants to purchase 9,756,097 ordinary shares at an exercise price of $0.80 per share, exercisable for a period of 24 months. Upon the closing of the private placement, which totaled $5.5 million, Harel Insurance will hold a total of roughly 8.15% of Foresight’s issued share capital.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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