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Vision Sensing Acquisition Corp. - VSAC STOCK NEWS

Welcome to our dedicated page for Vision Sensing Acquisition news (Ticker: VSAC), a resource for investors and traders seeking the latest updates and insights on Vision Sensing Acquisition stock.

Vision Sensing Acquisition Corp. (NASDAQ: VSAC) is a blank check company, also known as a special purpose acquisition company (SPAC). Formed with the intention of facilitating a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, VSAC stands out in the financial markets due to its strategic objectives and forward-looking approach.

Recently, Vision Sensing Acquisition Corp. announced a definitive Agreement and Plan of Merger with Mediforum Co., Ltd, a renowned biotechnology company based in Korea. Mediforum specializes in the research and development of ethical drugs, diagnostic reagents, and strategic application products. This proposed business combination aims to leverage the strengths of both entities, promising significant advancements in the biotech sector.

Upon closing of the merger, the combined entity is expected to be publicly listed on NASDAQ under a new ticker symbol, highlighting a new chapter in their corporate journey. This move reflects VSAC’s commitment to identifying and partnering with innovative firms that have the potential to deliver substantial value to shareholders.

VSAC’s current operations and financial strategies are geared towards ensuring successful mergers and acquisitions, thereby creating robust investment opportunities for stakeholders. The company's recent partnership with Mediforum is a testament to its adeptness in recognizing and aligning with high-potential companies in growth industries.

For further inquiries:

  • Chankyu Kim, Chairman and Founder, Mediforum (kimchankyu@gmediforum.com)
  • Jae Eon Jung, CEO, Mediforum (jejung@gmediforum.com)
  • Jason Wong, Chairman and CEO, Norwich Capital Limited (enquiry@norwichhk.com)
News

Vision Sensing Acquisition Corp. Announces Payment of Fee to Extend Period to Consummate Initial Business Combination to December 3, 2023

Rhea-AI Summary
Vision Sensing Acquisition Corp. has deposited $60,000 into its trust account to extend the deadline for its initial business combination with Newsight Imaging Ltd. The extension provides the company with additional time until December 3, 2023. The company's common stock will be exchanged for Newsight Ordinary Shares on a one-for-one basis, and the combined company's stock is expected to trade on the Nasdaq Capital Market under the ticker symbol 'NSIM'.
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Vision Sensing Acquisition Corp. Announces Intention to Extend Period to Consummate Initial Business Combination to December 3, 2023

Rhea-AI Summary
Vision Sensing Acquisition Corp. (NASDAQ: VSACU, VSAC, VSACW) has announced an extension of the deadline for its initial business combination from November 3, 2023, to December 3, 2023. The company's sponsor, Vision Sensing, LLC, will deposit $60,000 into the trust account by November 3, 2023. This extension allows the company more time to complete its business combination with Newsight Imaging Ltd. The combined company's common stock is expected to trade on the Nasdaq Capital Market under the ticker symbol 'NSIM'.
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Vision Sensing Acquisition Corp. Announces Postponement of Special Meeting of Stockholders to Wednesday, October 25, 2023 at 12:00 noon EDT

Rhea-AI Summary
Vision Sensing Acquisition Corp. (VSAC) has postponed its Special Meeting of Stockholders and reopened the period for shareholders to submit their shares for redemption. The company is also revising the Trust Amendment to authorize the transfer of remaining funds into an interest-bearing demand deposit account. VSAC filed a Proxy Statement for the Special Meeting, which includes proposals to extend the deadline for a business combination and make corresponding amendments to the Trust Agreement. If approved, public stockholders can redeem their Class A common stock. Holders of 264,443 shares have already exercised their right to redeem. VSAC's planned business combination with Newsight Imaging Ltd. is pending interim financing, and Newsight has reduced operations. VSAC is working to assist Newsight in raising funds to resume full operations and consummate the business combination.
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Vision Sensing Acquisition Corp. Announces Intention to Transfer All Trust Funds Into an Interest-Bearing Demand Deposit Account

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Vision Sensing Acquisition Corp. announces plans for special meeting of stockholders and extension of deadline for business combination with Newsight Imaging Ltd.
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Vision Sensing Acquisition Corp. Announces Payment of Fee to Extend Period to Consummate Initial Business Combination to November 3, 2023

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Vision Sensing Acquisition Corp. extends its initial business combination deadline by depositing $72,562.86 into the trust account.
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Vision Sensing Acquisition Corp. Announces Intention to Extend Period to Consummate Initial Business Combination to November 3, 2023

Rhea-AI Summary
Vision Sensing Acquisition Corp. intends to extend the date for its initial business combination to November 3, 2023. The sponsor will deposit $72,562.86 into the trust account by October 3, 2023. The extension allows more time for the completion of the business combination with Newsight Imaging Ltd., resulting in the combined company's common stock trading on Nasdaq under the ticker symbol 'NSIM'.
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Vision Sensing Acquisition Corp. Announces Payment of Fee to Extend Period to Consummate Initial Business Combination to October 3, 2023

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Vision Sensing Acquisition Corp. extends the date for its initial business combination with Newsight Imaging Ltd. through October 3, 2023.
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Vision Sensing Acquisition Corp. Announces Intention to Extend Period to Consummate Initial Business Combination to October 3, 2023

Rhea-AI Summary
Vision Sensing Acquisition Corp. (NASDAQ: VSACU) plans to extend its initial business combination deadline to October 3, 2023. The sponsor, Vision Sensing, LLC, will deposit $72,562.86 into the trust account by September 5, 2023. This is the fifth extension allowed under the amended certificate of incorporation. The extension allows more time for the Business Combination with Newsight Imaging Ltd. and Newsight MergerSub, Inc. The combined company's common stock is expected to trade on Nasdaq under the ticker symbol 'NSIM'.
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Newsight Imaging Selected Among 100 Emerging Companies to Watch In 2023 by EE Times

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Vision Sensing Acquisition Corp. Announces Payment of Fee to Extend Period to Consummate Initial Business Combination to September 3, 2023

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FAQ

What is the current stock price of Vision Sensing Acquisition (VSAC)?

The current stock price of Vision Sensing Acquisition (VSAC) is $11.775 as of October 25, 2024.

What is the market cap of Vision Sensing Acquisition (VSAC)?

The market cap of Vision Sensing Acquisition (VSAC) is approximately 48.4M.

What is Vision Sensing Acquisition Corp.?

Vision Sensing Acquisition Corp. (VSAC) is a blank check company formed to facilitate mergers, share exchanges, asset acquisitions, share purchases, reorganizations, or similar business combinations.

What is the latest news about VSAC?

VSAC recently announced a definitive Agreement and Plan of Merger with Mediforum Co., Ltd, a biotechnology company based in Korea.

Who is Mediforum Co., Ltd?

Mediforum Co., Ltd is a biotechnology company specializing in the research and development of ethical drugs, diagnostic reagents, and strategic application products.

What will happen after the merger with Mediforum?

Following the merger, the combined company is expected to be listed on NASDAQ under a new ticker symbol.

What is a blank check company?

A blank check company, or SPAC, is formed with the purpose of acquiring or merging with other businesses to take them public.

How does VSAC create value for shareholders?

VSAC aims to identify and partner with high-potential companies in growth industries, facilitating successful mergers and acquisitions.

Who are the key contacts for the merger with Mediforum?

Key contacts include Chankyu Kim (Chairman and Founder of Mediforum), Jae Eon Jung (CEO of Mediforum), and Jason Wong (Chairman and CEO of Norwich Capital Limited).

What is the primary business of VSAC?

VSAC's primary business is to act as a blank check company focused on facilitating mergers and acquisitions.

When is the merger with Mediforum expected to be completed?

The exact date for the merger's completion is subject to the terms and conditions outlined in the Merger Agreement.

What sectors does VSAC focus on for potential mergers?

VSAC focuses on high-potential companies across various growth industries, including biotechnology.

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Vision Sensing Acquisition Corp.

Nasdaq:VSAC

VSAC Rankings

#4854 Ranked by Market Cap
N/A Ranked by Dividends

VSAC Stock Data

48.40M
1.61M
41.7%
86.46%
0.06%
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Blank Checks
United States of America
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