NetworkNewsBreaks – Foresight Autonomous Holding
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Posted On: 05/19/2020 3:47:51 PM
NetworkNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Prices $5MM Registered Direct Offering
Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, today announced its entry into definitive agreements with investors for the purchase and sale of 8,333,334 of the Company’s American Depositary Shares (“ADSs”), each at a price of $0.60, pursuant to a registered direct offering. Foresight will secure approximately $5 million in gross proceeds from the offering, before deduction of placement agent fees and other estimated expenses. The Company intends to use the net proceeds for working capital and other general corporate purposes. Subject to the satisfaction of customary conditions, the closing of the registered direct offering is expected to take place on or about May 21, 2020. A.G.P./Alliance Global Partners is acting as sole placement agent for the offering.
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), an innovator in automotive vision systems, today announced its entry into definitive agreements with investors for the purchase and sale of 8,333,334 of the Company’s American Depositary Shares (“ADSs”), each at a price of $0.60, pursuant to a registered direct offering. Foresight will secure approximately $5 million in gross proceeds from the offering, before deduction of placement agent fees and other estimated expenses. The Company intends to use the net proceeds for working capital and other general corporate purposes. Subject to the satisfaction of customary conditions, the closing of the registered direct offering is expected to take place on or about May 21, 2020. A.G.P./Alliance Global Partners is acting as sole placement agent for the offering.
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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