Newsight Imaging SPAC Presentation Deck
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About Newsight
TRANSACTION HIGHLIGHTS
Newsight is a world-class Israeli developer and
manufacturer of high-performance, affordable
image sensors for 3D imaging solutions and
spectral analysis applications.
A technology leader in sensors for LIDAR and
3D perception that provide superior
performance, flexibility, and price. Newsight is
a developer of proven, cutting-edge, cost-
effective spectral technology for loT real-time
portable sensing. They have growing
recognition and awards for their capabilities.
The range of uses and sectors demanding
vision sensing capabilities is huge and growing
at an estimate CAGR of 26%
Newsight has existing and growing revenue
flow driven by existing contracts, joint ventures
and contracts in testing/negotiation.
* Assuming $30M in PIPE and $10M pre-transaction financing, 80% redemption rate and un-diluted share
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Highlights
Introducing
Newsight
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Vision Sensing Acquisition Corp.("VSAC") is a
NASDAQ listed SPAC with US$102 million in
cash held in trust.
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Transaction Highlights
VSAC has agreed to acquire Israeli Newsight
Imaging Ltd. for US$215 million in a reverse
merger transaction.
At 1.6x forecast revenue and 7.5x EBITDA in
Year 3, this is well below market
comparables
Substantial upside potential from forecast
316% CAGR,
The pro forma enterprise value is nearly
US$300.0 million.*
Newsight shareholders will roll over 100% of
their equity and are expected to own ~68% of
the consolidated company.*
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Newsight
Organization
Financial
Summary
Due Diligence
Transaction & Value
Proposition
Substantial due diligence by VSAC supported
by independent expert due diligence
Comprehensive legal due diligence and
opinion by VSAC legal counsel, Nelson Mullins
Riley & Scarborough LLP
Patent and IP reviews were prepared by the IP
department of Nelson Mullins Riley &
Scarborough LLP.
Financial due diligence, reviews of the forecast
assumptions and a Fairness Opinion were
provided by BDO Ziv Haft Consulting and
Management Ltd.
Technical due diligence and product testing
was undertaken by Exponent, Inc., a leading
NASDAQ listed, multi-disciplinary engineering
and scientific consulting firm.
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