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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.
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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. (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. (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 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. extends its initial business combination deadline by depositing $72,562.86 into the trust account.
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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. extends the date for its initial business combination with Newsight Imaging Ltd. through October 3, 2023.
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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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FAQ
What is the current stock price of Vision Sensing Acquisition Unit (VSACU)?
The current stock price of Vision Sensing Acquisition Unit (VSACU) is $11.62 as of October 25, 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
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