STOCK TITAN

Vision Sensing Acquisition Corp. Unit - VSACU STOCK NEWS

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

Vision Sensing Acquisition Corp (symbol: VSACU) is a blank check company focused on effecting a merger or business combination with one or more businesses. The company recently announced a definitive Agreement and Plan of Merger with Mediforum Co., Ltd, a biotechnology company specializing in ethical drugs and diagnostic reagents.

Rhea-AI Summary

Vision Sensing Acquisition Corp. (NASDAQ: VSAC) announced its intention to extend the deadline for completing its initial business combination from June 3, 2024, to July 3, 2024. This marks the second of up to six allowable one-month extensions. The sponsor, Vision Sensing, , will deposit $51,016.10 into the company's trust account by June 3, 2024, and will receive a non-interest bearing, unsecured promissory note in return. This extension is part of the company's plan to finalize its merger with Mediforum Co. , a Korean company, as per the Mediforum Business Combination Agreement signed on January 12, 2024.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary

Vision Sensing Acquisition Corp. announced the payment of a fee to extend the period to consummate its initial business combination with Mediforum Co. from May 3, 2024, to June 3, 2024. The Company's sponsor deposited $51,016.10 into the trust account for the extension, with the option for up to six one-month extensions. This move provides the Company with more time to finalize the Business Combination as per the Merger Agreement.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary
Vision Sensing Acquisition Corp. (NASDAQ: VSACU, VSAC, VSACW) announces a positive ruling from the Nasdaq Hearings Panel regarding non-compliance issues related to the market value requirement and total holders requirement. The company submitted an appeal with a detailed Compliance Plan to regain compliance, citing the upcoming business combination with Mediforum Co., as a solution. The Panel granted the request for the company to continue its listing on Nasdaq, subject to certain conditions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
Rhea-AI Summary
Vision Sensing Acquisition Corp. announced a $60,000 deposit into the trust account to extend the date for its initial business combination with Mediforum Co. The Company issued a promissory note to its sponsor for the funding, marking the fifth extension out of six authorized under its certificate of incorporation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary
Vision Sensing Acquisition Corp. (NASDAQ: VSAC) extends the deadline for its initial business combination with Mediforum Co. by a month, with its sponsor depositing $60,000 into the trust account. This marks the fourth extension allowed under the company's certificate of incorporation, providing more time for the Business Combination.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary
Vision Sensing Acquisition Corp. (VSAC) announced a $60,000 deposit into its trust account to extend the deadline for its initial business combination with Mediforum Co. Ltd. The company issued a promissory note to its sponsor for the funding, marking the fifth extension allowed under its certificate of incorporation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.09%
Tags
Rhea-AI Summary
Vision Sensing Acquisition Corp. (VSAC) announces an extension of the deadline for its initial business combination, with sponsor Vision Sensing, LLC, depositing $60,000 into the trust account. The Company issues a promissory note to the sponsor, providing additional time to complete the Business Combination with Mediforum Co. Ltd.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary
Vision Sensing Acquisition Corp. (NASDAQ: VSAC) filed Form 10-Q with the SEC, curing filing delinquency and staying suspension of securities. Nasdaq Hearing Panel decision awaited on April 4, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.27%
Tags
-
Rhea-AI Summary
Vision Sensing Acquisition Corp. (NASDAQ: VSACU, VSAC, VSACW) has extended the date for its initial business combination with Mediforum Co. Ltd., a Korean company, by depositing $60,000 into its trust account. This is the fourth of up to six one-month extensions authorized by the company's amended and restated certificate of incorporation. The extension provides the company with additional time to complete the merger agreement with Mediforum.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
Rhea-AI Summary
Vision Sensing Acquisition Corp. (VSAC) has announced an extension of the date to consummate its initial business combination to March 3, 2024, with its sponsor depositing $60,000 into the trust account by February 3, 2023. The Company intends to issue a non-interest bearing, unsecured promissory note to its sponsor as consideration for the funding. This extension is the fourth of up to six one-month extensions authorized under its amended certificate of incorporation. The extension provides additional time to complete its initial business combination with Mediforum Co. Ltd., a Korean company, pursuant to a merger agreement dated January 12, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags

FAQ

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

The current stock price of Vision Sensing Acquisition Unit (VSACU) is $11.54 as of August 16, 2024.

What is Vision Sensing Acquisition Corp (VSACU)?

Vision Sensing Acquisition Corp is a blank check company formed for the purpose of effecting a merger or business combination with other entities.

Who is Mediforum Co., Ltd?

Mediforum Co., Ltd is a biotechnology company based in Korea, specializing in ethical drugs, diagnostic reagents, and strategic application products.

What is the recent announcement by Vision Sensing Acquisition Corp?

Vision Sensing Acquisition Corp recently entered into a definitive Agreement and Plan of Merger with Mediforum Co., Ltd.

What will be the result of the proposed business combination?

If consummated, the proposed business combination will result in Mediforum becoming a publicly listed company.

Where will the combined company be listed post-closing?

The combined company is expected to trade on NASDAQ under a new ticker symbol.

Who are the key individuals involved in the merger agreement?

Chankyu Kim, Chairman and Founder of Mediforum Co., Ltd, and Jae Eon Jung, CEO of Mediforum, are key individuals in the merger agreement.

Who is the Lead Advisor for Mediforum?

Norwich Capital Limited, with Jason Wong serving as the Chairman and CEO, is the Lead Advisor for Mediforum.

What is the contact information for Vision Sensing Acquisition Corp and Mediforum?

For Vision Sensing Acquisition Corp, visit their website for contact details; for Mediforum, contact kimchankyu@gmediforum.com or jejung@gmediforum.com.

What is the source of this information?

The source of this information is Vision Sensing Acquisition Corp and Mediforum Co., Ltd.

What is the purpose of Vision Sensing Acquisition Corp?

The purpose of Vision Sensing Acquisition Corp is to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with other businesses.

Vision Sensing Acquisition Corp. Unit

Nasdaq:VSACU

VSACU Rankings

VSACU Stock Data

1.61M
0.41%
Shell Companies
Blank Checks
United States of America
MIAMI