NetworkNewsBreaks – Foresight Autonomous Holding
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Posted On: 03/20/2019 3:29:28 PM
NetworkNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Closes Public Offering of 4.1M American Depositary Shares
Automotive technology innovator Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX) on Tuesday announced the closing of an underwritten public offering of 4,100,000 American Depositary Shares (“ADSs”), which includes 100,000 ADSs sold pursuant to a partial exercise by the underwriters of the underwriters’ over-allotment option, each at a price to the public of $1.50 per ADS. According to the update, the company’s gross proceeds from this offering are expected to be approximately $6.2 million, of which it intends to use the net proceeds for general corporate purposes. Foresight has granted underwriters a 45-day option to purchase additional ADSs to cover over-allotments, if any.
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) on Tuesday announced the closing of an underwritten public offering of 4,100,000 American Depositary Shares (“ADSs”), which includes 100,000 ADSs sold pursuant to a partial exercise by the underwriters of the underwriters’ over-allotment option, each at a price to the public of $1.50 per ADS. According to the update, the company’s gross proceeds from this offering are expected to be approximately $6.2 million, of which it intends to use the net proceeds for general corporate purposes. Foresight has granted underwriters a 45-day option to purchase additional ADSs to cover over-allotments, if any.
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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