NetworkNewsBreaks – Foresight Autonomous Holding
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Posted On: 04/29/2021 4:00:05 PM
NetworkNewsBreaks – Foresight Autonomous Holdings Ltd.’s (NASDAQ: FRSX) (TASE: FRSX) Rail Vision Files Draft Prospectus for IPO
Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, today announced that its affiliate, Rail Vision Ltd., filed a nonpublic draft prospectus for an initial public offering and registration for trade of its securities on the Tel Aviv Stock Exchange Ltd. According to the update, Rail Vision filed the draft prospectus with the Tel Aviv Stock Exchange and Israeli Securities Authority on April 25, 2021. Rail Vision informed Foresight that it simultaneously intends to test the prevailing Israeli capital market conditions towards a possible public offering. However, Rail Vision has not yet finalized any decision on the offering of securities, structure, scope, terms or timing of an offering, whether such an offering will be made or whether a prospectus will ultimately be published. Rail Vision also indicated that the filing of a final prospectus is subject to approval of the Tel Aviv Stock Exchange and a permit from the Israeli Securities Authority. There is no certainty that such approval and permit will be obtained or, if obtained, that Rail Vision will conduct any public offering of its securities.
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 that its affiliate, Rail Vision Ltd., filed a nonpublic draft prospectus for an initial public offering and registration for trade of its securities on the Tel Aviv Stock Exchange Ltd. According to the update, Rail Vision filed the draft prospectus with the Tel Aviv Stock Exchange and Israeli Securities Authority on April 25, 2021. Rail Vision informed Foresight that it simultaneously intends to test the prevailing Israeli capital market conditions towards a possible public offering. However, Rail Vision has not yet finalized any decision on the offering of securities, structure, scope, terms or timing of an offering, whether such an offering will be made or whether a prospectus will ultimately be published. Rail Vision also indicated that the filing of a final prospectus is subject to approval of the Tel Aviv Stock Exchange and a permit from the Israeli Securities Authority. There is no certainty that such approval and permit will be obtained or, if obtained, that Rail Vision will conduct any public offering of its securities.
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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