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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.
Newsight Imaging has launched the MT LiDAR 3.1 reference design, featuring the NSI9000 depth sensor with 1024x480 resolution. This new design enables 3D mapping with a depth resolution of 20um to 1mm, and can achieve hundreds of frames per second, making it suitable for production and inspection applications. The MT LiDAR 3.1 is customizable for various scenarios and will be showcased at the Hannover Messe conference from April 17-20, 2023. The company aims to enhance robot and industrial automation markets with this advanced technology. Additionally, Newsight is in the process of a merger with Vision Sensing Acquisition Corp. (Nasdaq: VSAC), expected to complete in Q2 2023, transitioning to trading under the symbol NSIM.
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