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Forum - Wall Street Pit (Foresight Autonomous Holdings Ltd. ADR - FRSX)    Stock Due Diligence for All

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From: NetworkNewsWire (Rep: 0)Date: 06/21/2018 16:53
Forum: Wall Street Pit - Msg #2739393 - List FRSX msgs Thread #674016926 (Rec: 0)
NetworkNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Secures $5.5M Through Private Placement

Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX) this morning announced that it has entered into private placement agreements with Harel Insurance, a prominent Israeli institutional investor. Per the agreement, Foresight will issue 9,756,097 ordinary shares at approximately $0.56 per ordinary share, subject to customary closing conditions. The company also agreed to issue warrants to purchase 9,756,097 ordinary shares at an exercise price of $0.80 per share, exercisable for a period of 24 months. Upon the closing of the private placement, which totaled $5.5 million, Harel Insurance will hold a total of roughly 8.15% of Foresight’s issued share capital.

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