Newsight Imaging SPAC
TRANSACTION SUMMARY
Overview
Transaction
Ownership*
Closing
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Highlights
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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
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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
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