Newsight Imaging SPAC Presentation Deck slide image

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 11
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