Vision Sensing Acquisition Corp. Announces Payment of Fee to Extend Period to Consummate Initial Business Combination to October 3, 2024

Rhea-AI Summary

Vision Sensing Acquisition Corp. (NASDAQ: VSAC) has announced a payment to extend its deadline for completing an initial business combination. The company's sponsor, Vision Sensing, , deposited $51,016.10 into the trust account on August 2, 2024. This extension moves the deadline from September 3, 2024, to October 3, 2024.

This marks the fifth of six possible one-month extensions allowed under the company's recently amended certificate of incorporation. The extension provides Vision Sensing Acquisition Corp. with additional time to finalize a business combination. The amendment allowing these extensions was made on April 30, 2024.

NEW YORK, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Vision Sensing Acquisition Corp. (NASDAQ: VSACU, VSAC, VSACW) (the “Company”), a special purpose acquisition company, announced today that on August 2, 2024, its sponsor, Vision Sensing, LLC, deposited $51,016.10 into the Company’s trust account, which is the sum that the Company must pay to extend the date by which the Company must consummate its initial business combination from September 3, 2024 to October 3, 2024 (the “Extension”). This is the fifth of up to six one-month extensions that the Company is authorized to obtain under its amended and restated certificate of incorporation as recently amended on April 30, 2024.

The Extension provides the Company with additional time to complete an initial business combination (the “Business Combination”).

About Vision Sensing Acquisition Corp.

Vision Sensing Acquisition Corp. (“VSAC”) is a Special Purpose Acquisition Company (“SPAC”) that has been established to focus on the acquisition of a private technology company.

EF Hutton, division of Benchmark Investments, LLC, is serving as Capital Market Advisor to VSAC and ARC Group Limited is serving as Financial Advisor to VSAC.

No Offer or Solicitation

This press release is not a proxy statement or solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the potential transaction and does not constitute an offer to sell or the solicitation of an offer to buy any securities of VSAC, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended.

FAQ

What is the new deadline for Vision Sensing Acquisition Corp. (VSAC) to complete its initial business combination?

The new deadline for Vision Sensing Acquisition Corp. (VSAC) to complete its initial business combination is October 3, 2024.

How much did Vision Sensing Acquisition Corp. (VSAC) pay for the latest extension?

Vision Sensing Acquisition Corp. (VSAC) paid $51,016.10 for the latest extension.

How many extensions has Vision Sensing Acquisition Corp. (VSAC) used so far?

Vision Sensing Acquisition Corp. (VSAC) has used five out of six possible one-month extensions.

When was Vision Sensing Acquisition Corp.'s (VSAC) certificate of incorporation amended to allow these extensions?

Vision Sensing Acquisition Corp.'s (VSAC) certificate of incorporation was amended on April 30, 2024, to allow these extensions.

Who made the payment for Vision Sensing Acquisition Corp.'s (VSAC) latest extension?

The payment for Vision Sensing Acquisition Corp.'s (VSAC) latest extension was made by its sponsor, Vision Sensing,