Newsight Imaging SPAC slide image

Newsight Imaging SPAC

TRANSACTION SUMMARY Overview Transaction Ownership* Closing ● ● ● Highlights ● 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. 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 ● 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 Introducing Newsight Newsight Organization * 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 Financial Summary Transaction & Value Proposition 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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