For example, Foresight is using forward-looking statements in this press release when it discusses expected timing of the closing of the offering and planned use of the net proceeds from the offering. Words such as “expects,” “anticipates,” “intends,” "plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Foresight is targeting the semi-autonomous and autonomous vehicle markets and predicts that its systems will revolutionize automotive safety by providing an automotive-grade, cost-effective platform and advanced technology.įor more information about Foresight and its wholly owned subsidiary, Foresight Automotive, visit follow on Twitter, or join Foresight Automotive on LinkedIn. The company’s systems are designed to improve driving safety by enabling highly accurate and reliable threat detection while ensuring the lowest rates of false alerts. Eye-Net Mobile’s cellular-based application is a V2X (vehicle-to-everything) accident prevention solution based on real-time spatial analysis of clients’ movement. Foresight’s vision sensor is a four-camera system based on 3D video analysis, advanced algorithms for image processing, and sensor fusion. and Eye-Net Mobile Ltd., Foresight develops both “in-line-of-sight” vision systems and “beyond-line-of-sight” cellular-based applications. Through the company’s wholly owned subsidiaries, Foresight Automotive Ltd. (Nasdaq and TASE: FRSX), founded in 2015, is a technology company engaged in the design, development and commercialization of sensors systems for the automotive industry. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.įoresight Autonomous Holdings Ltd. Electronic copies of the prospectus supplement may be obtained, when available, from A.G.P./Alliance Global Partners, 590 Madison Avenue, 36 th Floor, New York, NY 10022, or by telephone at (212) 624-2060, or by email at Before investing in this offering, interested parties should read in their entirety the prospectus supplement and the accompanying prospectus and the other documents that the Company has filed with the SEC that are incorporated by reference in such prospectus supplement and the accompanying prospectus, which provide more information about the Company and such offering. A prospectus supplement describing the terms of the proposed offering will be filed with the SEC and will be available on the SEC’s website located at. Securities and Exchange Commission (the “SEC”). 333-229715) previously filed with the U.S. This offering is being made pursuant to an effective shelf registration statement on Form F-3 (File No. ![]() The closing of the registered direct offering is expected to take place on or about June 11, 2020, subject to the satisfaction of customary closing conditions.Ī.G.P./Alliance Global Partners is acting as sole placement agent for the offering. The Company intends to use the net proceeds for working capital and for other general corporate purposes. The gross proceeds of the offering will be approximately $6.4 million, before deducting placement agent fees and other estimated offering expenses. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), today announced it has entered into definitive agreements with investors for the purchase and sale of 6,400,000 of the Company’s American Depositary Shares (“ADSs”) at a price of $1.00 per ADS pursuant to a registered direct offering. All Rights Reserved.NESS ZIONA, Israel-( BUSINESS WIRE)-Foresight Autonomous Holdings Ltd. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2019 and/or its affiliates. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. ![]() Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. Factset: FactSet Research Systems Inc.2019. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes.
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