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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.
Vision Sensing Acquisition Corp. (NASDAQ: VSACU, VSAC, VSACW) announced the filing of a Definitive Proxy Statement for a Special Meeting scheduled for April 27, 2023, aimed at voting on an Extension Proposal to postpone their deadline for business combination from May 3, 2023 to November 3, 2023. If approved, VSAC can apply for up to six 1-month extensions, conditional on a $100,000 payment by its Sponsor. Public holders of VSAC's Class A common stock can submit shares for redemption until April 27, 2023. If the proposals are not approved, VSAC will liquidate. A new risk factor related to a potential 1% U.S. excise tax on stock redemptions has also been added, following the Inflation Reduction Act of 2022.
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