Newsight Imaging SPAC Presentation Deck
TRANSACTION SUMMARY
Overview
Transaction
Ownership*
Closing
Highlights
●
Introducing
Newsight
• 67.6% of equity for Newsight shareholders
6.9% to VSAC public shareholders
10.3% to VSAC Sponsor shareholders
15.2% to PIPE and pre-transaction investors
Newsight
Organization
Vision Sensing Acquisition Corp.("VSAC") is a NASDAQ listed SPAC with ~US$102.7 million in cash held in trust.
VSAC has agreed to an all-shares Business Combination valuing Israeli Newsight Imaging Ltd. at US$215 million.
The transaction is expected to be structured as a reverse merger with Newsight becoming the parent NASDAQ
listed company.
Financial
Summary
* Assuming $30M in PIPE and $10M pre-transaction financing, 80% redemption rate and un-diluted share
Including a minimum cash requirement of US$25 million that may be waived by mutual consent
Transaction & Value
Proposition
Newsight may complete up to US$10 million in a pre-transaction placement prior to the Business Combination
VSAC may place up to US$30 million of additional financing to close at or prior to completion of the Business
Combination
Upon completion of due diligence, finalization of documentation, fulfilment of closing conditions and all regulatory
and shareholder approvals, expected Q4
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