Foresight Autonomous Sells 5.17% Eye-Net Stake to Investors at $55 Million Valuation

Reuters
2025.12.04 21:02
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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.

Foresight Autonomous Holdings Ltd. and its majority-owned subsidiary, Eye-Net Mobile Ltd., have entered into definitive agreements with institutional investors for a $3 million equity investment in Eye-Net. The transaction values Eye-Net at a pre-money valuation of $55 million, with the investors acquiring approximately 5.17% of Eye-Net’s ordinary shares. As part of the deal, investors received antidilution protections in the event of a down round within one year, subject to a $30 million valuation floor. Additionally, Foresight will issue Series A and Series C Warrants to purchase American Depositary Shares (ADSs): Series A Warrants at an exercise price of $0.02 per ADS (up to 1,714,286 ADSs), and Series C Warrants to purchase up to 1,036,866 ADSs at $2.7125 per ADS, exercisable until November 30, 2027. The proceeds will be used for working capital and general corporate purposes. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Foresight Autonomous Holdings Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-25-026170), on December 04, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here