Foresight Autonomous (FRSX) 6.265M ADS Registered Direct Offering at $4.15/ADS

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Go back to Foresight Autonomous (FRSX) 6.265M ADS Registered Direct Offering at $4.15/ADS

Foresight Autonomous Holdings Prices $26 Million Registered Direct Offering

December 28, 2020 8:30 AM EST

NESS ZIONA, Israel--(BUSINESS WIRE)-- 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 Companys 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... More