Vision Sensing Acquisition Corp. Announces Securities Suspension Date and Redemption Amount
Vision Sensing Acquisition Corp (NASDAQ: VSAC) has announced the suspension of its securities from trading after October 25, 2024. The company will pay a per-share redemption price of $11.84 to holders of public shares on October 30, 2024. Following notification to Nasdaq on October 8 about failure to deposit required extension fees, VSAC is seeking voluntary delisting.
The company's trust account balance stands at approximately $13,427,746.07 as of October 18, with 1,133,691 remaining public shares. $100,000 will be retained for dissolution expenses, and $88,102 will be used for tax payments. Beneficial owners holding shares in 'street name' need not take action to receive redemption amounts. Company warrants will expire worthless.
Vision Sensing Acquisition Corp (NASDAQ: VSAC) ha annunciato la sospensione della sua negoziazione di titoli dopo il 25 ottobre 2024. La società pagherà un prezzo di rimborso per azione di $11.84 ai titolari di azioni pubbliche il 30 ottobre 2024. Dopo aver notificato a Nasdaq l'8 ottobre il mancato deposito delle tasse di estensione richieste, VSAC sta cercando di disiscriversi volontariamente.
Il saldo del conto fiduciario della società si attesta a circa $13,427,746.07 a partire dal 18 ottobre, con 1,133,691 azioni pubbliche rimanenti. Saranno trattenuti $100,000 per le spese di liquidazione e $88,102 saranno utilizzati per i pagamenti fiscali. I proprietari beneficiari che detengono azioni in 'street name' non devono intraprendere alcuna azione per ricevere gli importi di rimborso. Le garanzie della società scadranno senza valore.
Vision Sensing Acquisition Corp (NASDAQ: VSAC) ha anunciado la suspensión de la negociación de sus valores después del 25 de octubre de 2024. La empresa pagará un precio de reembolso por acción de $11.84 a los titulares de acciones públicas el 30 de octubre de 2024. Tras notificar a Nasdaq el 8 de octubre sobre la falta de depósito de las tarifas de extensión requeridas, VSAC está buscando la exclusión voluntaria.
El saldo de la cuenta fiduciaria de la empresa se sitúa en aproximadamente $13,427,746.07 a partir del 18 de octubre, con 1,133,691 acciones públicas restantes. Se retendrán $100,000 para gastos de disolución y $88,102 se utilizarán para pagos fiscales. Los propietarios beneficiarios que tengan acciones a nombre de 'street name' no necesitan tomar ninguna acción para recibir los montos de reembolso. Los warrants de la empresa caducarán sin valor.
비전 센싱 인수 주식회사 (NASDAQ: VSAC)는 2024년 10월 25일 이후 증권 거래를 중단한다고 발표했습니다. 회사는 2024년 10월 30일 공공 주식 보유자에게 주당 환매 가격 $11.84를 지급할 예정입니다. 필요한 연장 수수료를 예치하지 못한 것에 대해 10월 8일 나스닥에 통보한 후, VSAC는 자발적인 상장을 요청하고 있습니다.
회사의 신탁 계좌 잔액은 10월 18일 기준으로 약 $13,427,746.07이며, 남아 있는 공공 주식은 1,133,691주입니다. 해산 비용으로 $100,000가 보유되며, 세금 납부에 $88,102가 사용됩니다. '스트리트 네임'으로 주식을 보유한 실질 소유자는 환매 금액을 받기 위해 조치를 취할 필요가 없습니다. 회사의 워런트는 무가치하게 만료될 것입니다.
Vision Sensing Acquisition Corp (NASDAQ: VSAC) a annoncé la suspension de la négociation de ses titres après le 25 octobre 2024. La société versera un prix de rachat de $11.84 par action aux détenteurs d'actions publiques le 30 octobre 2024. Suite à une notification à Nasdaq le 8 octobre concernant l'échec à déposer les frais d'extension requis, VSAC cherche à se retirer volontairement de la cotation.
Le solde du compte fiduciaire de la société s'élève à environ $13,427,746.07 au 18 octobre, avec 1,133,691 actions publiques restantes. $100,000 seront retenus pour les frais de dissolution et $88,102 seront utilisés pour les paiements de taxes. Les propriétaires bénéficiaires détenant des actions au 'nom de rue' n'ont pas besoin d'agir pour recevoir les montants de rachat. Les bons de souscription de la société expireront sans valeur.
Vision Sensing Acquisition Corp (NASDAQ: VSAC) hat die Aussetzung des Handels mit ihren Wertpapieren nach dem 25. Oktober 2024 angekündigt. Das Unternehmen wird am 30. Oktober 2024 einen Rückkaufswert von $11.84 pro Aktie an die Inhaber öffentlicher Aktien zahlen. Nach der Benachrichtigung an Nasdaq am 8. Oktober über das Versäumnis, erforderliche Verlängerungsgebühren zu hinterlegen, strebt VSAC eine freiwillige Delistung an.
Der Saldo des Treuhandkontos des Unternehmens beträgt ab dem 18. Oktober etwa $13,427,746.07, mit noch 1,133,691 verbleibenden öffentlichen Aktien. $100,000 werden für Auflösungskosten zurückbehalten und $88,102 werden für Steuerzahlungen verwendet. Begünstigte Eigentümer, die Aktien im 'Street Name' halten, müssen keine Maßnahmen ergreifen, um die Rückzahlungsbeträge zu erhalten. Die Unternehmenswarrants verfallen wertlos.
- None.
- None.
NEW YORK, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Vision Sensing Acquisition Corp. (NASDAQ: VSACU, VSAC, VSACW) (the “Company” or “VSAC”), a special purpose acquisition company, announced that Nasdaq will suspend the Company’s securities from trading after the close of trading on October 25, 2024. The per-share redemption price for the class A common stock of the Company, of approximately
Securities Suspension and Delisting of the Company
On October 8, 2024, the Company notified The Nasdaq Stock Market (“Nasdaq”) that the required extension fees to were not deposited into the Company’s trust account at Continental Stock Transfer & Trust Company and that the Company seeks a voluntary delisting. Nasdaq will suspend the Company’s securities from trading after the close of trading on October 25, 2024 and file a Form 25 with the U.S. Securities and Exchange Commission (the “Commission”) to delist its securities, and the delisting will become effective ten days after Nasdaq files the Form 25 with the Commission to complete the delisting. The Company thereafter expects to file a Form 15 with the Commission to terminate the registration of its securities under the Securities Exchange Act of 1934, as amended.
Liquidation of the Company and Redemption Amount
As of October 24, 2024, the per-share redemption price for the class A common stock of the Company was approximately
The Redemption Amount will be payable to the holders of the Company’s public shares upon presentation of their respective share or unit certificates or other delivery of their shares or units to the Company’s transfer agent, Continental Stock Transfer & Trust Company. Beneficial owners of the Company’s public shares held in “street name,” however, will not need to take any action in order to receive the Redemption Amount. There will be no redemption rights or liquidating distributions with respect to the Company’s warrants, which will expire worthless.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. the Company’s actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “might” and “continues,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, risks and uncertainties described in reports and other public filings with the SEC by the Company, including the Company’s Form 10-K for the year ended December 31, 2022 as filed with the SEC on March 24, 2023 and its most recent Forms 10-Q, as filed with the SEC on May 15, 2023 and August 28, 2023. These risk factors are not exclusive. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. There may be additional risks that the Company does presently know, or that the Company currently believes are immaterial, that could cause actual results to differ from those contained in the forward-looking statements. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. These forward-looking statements should not be relied upon as representing the Company’s assessments as of any date subsequent to the date of this press release. The Company undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.
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 vision sensing technologies (“VST”) including hardware solutions (chips / modules / systems), related application software, artificial intelligence and other peripheral technologies that assist to integrate and/or supplement VST applications. For more information visit www.vision-sensing.com.
SOURCE: Vision Sensing Acquisition Corp.
FAQ
When will VSAC stock be suspended from trading?
What is the redemption price per share for VSAC?
When will VSAC shareholders receive their redemption payment?
What happens to VSAC warrants after delisting?
How many public shares of VSAC remain as of October 18, 2024?
