Vision Sensing Acquisition said shareholders approved pushing the SPAC’s completion deadline from Nov. 3 to May 3, 2024.
Redemptions of 264,443 shares took another bite out of the SPAC’s trust, which saw a loss of 65% ahead of the last extension vote in May.
Vision Sensing has a merger agreement with Newsight Imaging, an Israeli company that develops advanced CMOS image sensor chips for 3D machine vision and spectral analysis. The $380 million deal was announced in August 2022.
The SPAC raised $101.2 million in a November 2021 IPO. Read more.
