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Vision Sensing Acquisition Corp (symbol: VSACW) is a blank check company formed to facilitate business combinations. The company aims to merge, acquire assets, or reorganize with potential businesses. Recently, VSAC announced a merger agreement with Mediforum Co., Ltd, a biotechnology company based in Korea. If the proposed business combination is completed, Mediforum will become a publicly listed company, expected to trade on NASDAQ under a new ticker symbol. Mediforum specializes in ethical drugs, diagnostic reagents, and strategic application products.
The merger agreement with Mediforum signifies a strategic move by Vision Sensing Acquisition Corp to expand its portfolio and enter the biotechnology sector. The combined company's listing on NASDAQ will provide visibility and access to capital markets, potentially driving growth and development opportunities for both entities.
Vision Sensing Acquisition Corp. (NASDAQ: VSAC) announced its intention to extend the deadline for its initial business combination from July 3, 2024, to August 3, 2024.
The company plans to notify Continental Stock Transfer & Trust Company and will deposit $51,016.10 into the trust account by July 3, 2024. This second one-month extension, of up to six, is authorized under the amended certificate of incorporation as of April 30, 2024.
To fund the extension, Vision Sensing, , the sponsor, will receive a non-interest-bearing, unsecured promissory note. The extension allows more time to finalize the planned merger with Mediforum Co. , a Korean company, under the business combination agreement dated January 12, 2024.
Vision Sensing Acquisition Corp. (NASDAQ: VSACU, VSAC, VSACW) announced on June 4, 2024, that it received a deficiency notice from Nasdaq on May 30, 2024, due to its failure to timely file its Form 10-Q for the first quarter of 2024. The company is now non-compliant with Nasdaq Listing Rule 5250(c)(1). The notice does not currently affect the listing or trading of VSAC's securities. The company has 60 days to submit a compliance plan to Nasdaq, which could extend the compliance deadline to November 18, 2024. VSAC filed the delayed Form 10-Q on June 4, 2024.
Vision Sensing Acquisition Corp. (NASDAQ: VSACU, VSAC, VSACW) announced it has extended the deadline to consummate its initial business combination to July 3, 2024. The extension was facilitated by a $51,016.10 deposit made by the company's sponsor, Vision Sensing, , into the company's trust account. This payment was made in exchange for a non-interest bearing, unsecured promissory note. This is the second of six possible one-month extensions allowed under the company's amended and restated certificate of incorporation. The extension provides additional time to finalize the merger with Mediforum Co. , a Korean company, under the Agreement and Plan of Merger signed on January 12, 2024.
Vision Sensing Acquisition Corp. (NASDAQ: VSAC) announced its intention to extend the deadline for completing its initial business combination from June 3, 2024, to July 3, 2024. This marks the second of up to six allowable one-month extensions. The sponsor, Vision Sensing, , will deposit $51,016.10 into the company's trust account by June 3, 2024, and will receive a non-interest bearing, unsecured promissory note in return. This extension is part of the company's plan to finalize its merger with Mediforum Co. , a Korean company, as per the Mediforum Business Combination Agreement signed on January 12, 2024.
Vision Sensing Acquisition Corp. announced the payment of a fee to extend the period to consummate its initial business combination with Mediforum Co. from May 3, 2024, to June 3, 2024. The Company's sponsor deposited $51,016.10 into the trust account for the extension, with the option for up to six one-month extensions. This move provides the Company with more time to finalize the Business Combination as per the Merger Agreement.
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