Foresight Autonomous Sells 5.17% Eye-Net Stake to Investors at $55 Million Valuation
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Foresight Autonomous Holdings Ltd. and its subsidiary, Eye-Net Mobile Ltd., secured a $3 million equity investment from institutional investors, valuing Eye-Net at $55 million. Investors acquired 5.17% of Eye-Net’s shares and received antidilution protections. Foresight will issue Series A and Series C Warrants for ADSs. Proceeds will be used for working capital and general corporate purposes.
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