Israeli auto-tech co Foresight prices $26m offering
Foresight Autonomous Holdings, through its subsidiary Foresight Automotive Ltd., develops computerized vision systems for road vehicles.
Israeli auto-tech computerized vision systems developer Foresight Autonomous Holdings Ltd. (Nasdaq: FRSX; TASE: FRSX) has announced that it has entered into definitive agreements with investors for the purchase and sale of 6,265,063 American Depositary Shares (ADS) at $4.15 per ADS, as part of a registered direct offering. The gross proceeds of the offering will amount to $26 million, before deducting placement agent fees and expenses.
RELATED ARTICLES
Foresight says it plans to use the funds for working capital and other general corporate purposes. The closing of the registered direct offering is expected to take place on or about December 30, 2020.
Foresight Autonomous Holdings Prices $26 Million Registered Direct Offering - Press Release digitaljournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from digitaljournal.com Daily Mail and Mail on Sunday newspapers.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Foresight Autonomous Holdings Prices $26 Million Registered Direct Offering
December 28, 2020 GMT
NESS ZIONA, Israel (BUSINESS WIRE) Dec 28, 2020
Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), today announced it has entered into definitive agreements with investors for the purchase and sale of 6,265,063 of the Company’s American Depositary Shares (“ADSs”) at a price of $4.15 per ADS pursuant to a registered direct offering. The gross proceeds of the offering will be approximately $26 million, before deducting placement agent fees and other estimated offering expenses. The Company intends to use the net proceeds for working capital and for other general corporate purposes. The closing of the registered direct offering is expected to take place on or about December 30, 2020, subject to the satisfaction of customary closing conditio
88 Biggest Movers From Yesterday Benzinga 12/24/2020
Gainers
Ocugen, Inc. (NASDAQ: OCGN) shares climbed 222.9% to close at $2.60 on Wednesday after the company announced it will convene its Meeting of Stockholders on Dec. 23 to modify a proposal, decreasing the proposed aggregate number of shares of common stock that the Company would be authorized to issue. Ocugen shares jumped around 174% on Tuesday after the company and Bharat Biotech announced plans to co-develop a whole-virion inactivated COVID-19 vaccine candidate.
Jaguar Health, Inc. (NASDAQ: JAGX) jumped 170.3% to close at $1.07 after the company signed an agreement with a secured lender involving the $6 million sale of royalty interest in Mytesi royalties.
Mid-Day Market Update: Crude Oil Rises 2%; Kubient Shares Plummet benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.