Vision Sensing Acquisition today said merger partner Newsight Imaging Ltd. has filed an F-4 Registration Statement with the SEC, outlining the deal.
Announced in August, the deal has a pro forma enterprise value of $380 million.
In addition to the $102.5 million held in the SPAC’s trust (assuming no redemptions), proceeds would potentially include up to $40 million in pre-transaction financing, a PIPE, or other alternatives.
Vision Sensing Acquisition in October extended its merger deadline by three months to Feb. 3, 2023. The SPAC’s sponsor deposited approximately $1 million (10 cents a share) into the trust for the extra time.
Israel-based Newsight Imaging is a semiconductor company that develops 3D machine vision sensors and spectral vision chips. Read more.
