NetworkNewsBreaks – Foresight Autonomous Holding
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Posted On: 03/15/2019 4:02:04 PM
NetworkNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Prices Public Offering of 4M American Depositary Shares
Automotive technology innovator Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX) this morning announced the pricing of an underwritten public offering of 4,000,000 American Depositary Shares (“ADSs”), each at a price to the public of $1.50 per ADS, with expected gross proceeds of approximately $6,000,000 to the company. According to the update, the company intends to use the offering’s net proceeds for general corporate purposes. Foresight has granted underwriters a 45-day option to purchase up to 600,000 additional ADSs at the public offering price, less underwriting discounts and commissions, to cover over-allotments, if any. Subject to customary conditions, the offering is expected to close on or about March 19, 2019.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Automotive technology innovator Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX) this morning announced the pricing of an underwritten public offering of 4,000,000 American Depositary Shares (“ADSs”), each at a price to the public of $1.50 per ADS, with expected gross proceeds of approximately $6,000,000 to the company. According to the update, the company intends to use the offering’s net proceeds for general corporate purposes. Foresight has granted underwriters a 45-day option to purchase up to 600,000 additional ADSs at the public offering price, less underwriting discounts and commissions, to cover over-allotments, if any. Subject to customary conditions, the offering is expected to close on or about March 19, 2019.
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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