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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.
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Vision Sensing Acquisition Corp. has deposited $60,000 into its trust account to extend the deadline for its initial business combination with Newsight Imaging Ltd. The extension provides the company with additional time until December 3, 2023. The company's common stock will be exchanged for Newsight Ordinary Shares on a one-for-one basis, and the combined company's stock is expected to trade on the Nasdaq Capital Market under the ticker symbol 'NSIM'.
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Vision Sensing Acquisition Corp. (NASDAQ: VSACU, VSAC, VSACW) has announced an extension of the deadline for its initial business combination from November 3, 2023, to December 3, 2023. The company's sponsor, Vision Sensing, LLC, will deposit $60,000 into the trust account by November 3, 2023. This extension allows the company more time to complete its business combination with Newsight Imaging Ltd. The combined company's common stock is expected to trade on the Nasdaq Capital Market under the ticker symbol 'NSIM'.
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Vision Sensing Acquisition Corp. (VSAC) has postponed its Special Meeting of Stockholders and reopened the period for shareholders to submit their shares for redemption. The company is also revising the Trust Amendment to authorize the transfer of remaining funds into an interest-bearing demand deposit account. VSAC filed a Proxy Statement for the Special Meeting, which includes proposals to extend the deadline for a business combination and make corresponding amendments to the Trust Agreement. If approved, public stockholders can redeem their Class A common stock. Holders of 264,443 shares have already exercised their right to redeem. VSAC's planned business combination with Newsight Imaging Ltd. is pending interim financing, and Newsight has reduced operations. VSAC is working to assist Newsight in raising funds to resume full operations and consummate the business combination.
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Vision Sensing Acquisition Corp. announces plans for special meeting of stockholders and extension of deadline for business combination with Newsight Imaging Ltd.
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Vision Sensing Acquisition Corp. extends its initial business combination deadline by depositing $72,562.86 into the trust account.
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Vision Sensing Acquisition Corp. intends to extend the date for its initial business combination to November 3, 2023. The sponsor will deposit $72,562.86 into the trust account by October 3, 2023. The extension allows more time for the completion of the business combination with Newsight Imaging Ltd., resulting in the combined company's common stock trading on Nasdaq under the ticker symbol 'NSIM'.
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Vision Sensing Acquisition Corp. extends the date for its initial business combination with Newsight Imaging Ltd. through October 3, 2023.
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Vision Sensing Acquisition Corp. (NASDAQ: VSACU) plans to extend its initial business combination deadline to October 3, 2023. The sponsor, Vision Sensing, LLC, will deposit $72,562.86 into the trust account by September 5, 2023. This is the fifth extension allowed under the amended certificate of incorporation. The extension allows more time for the Business Combination with Newsight Imaging Ltd. and Newsight MergerSub, Inc. The combined company's common stock is expected to trade on Nasdaq under the ticker symbol 'NSIM'.
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FAQ
What is the current stock price of Vision Sensing Acquisition Warrants (vsacw)?
The current stock price of Vision Sensing Acquisition Warrants (vsacw) is $0.0002 as of October 25, 2024.
What is Vision Sensing Acquisition Corp's core business?
Vision Sensing Acquisition Corp is a blank check company formed for facilitating business combinations.
What recent announcement did VSAC make?
VSAC announced a definitive Agreement and Plan of Merger with Mediforum Co., Ltd.
Who is Mediforum Co., Ltd, and what is their specialization?
Mediforum Co., Ltd is a biotechnology company based in Korea that specializes in ethical drugs, diagnostic reagents, and strategic application products.
Where is the combined company expected to be listed post-closing of the merger?
The combined company is expected to trade on NASDAQ under a new ticker symbol.
What are the contact details for individuals at Mediforum Co., Ltd and Norwich Capital Limited?
For Mediforum: Chankyu Kim (kimchankyu@gmediforum.com) and Jae Eon Jung (jejung@gmediforum.com). For Norwich Capital Limited: Jason Wong (enquiry@norwichhk.com).
Vision Sensing Acquisition Corp. Warrants
Nasdaq:VSACW
VSACW Rankings
VSACW Stock Data
1.61M
Shell Companies
Blank Checks
United States of America
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