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Announced

Newsight Imaging to go public via a SPAC merger with Vision Sensing Acquisition in a $380m deal.

Financials

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Transaction Value£325m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Electrical Components

De-SPAC

Acquisition

Pending

Reverse Takeover

electronic equipment

Friendly

Cross Border

Israel

sensing solutions

Private

Merger

Single Bidder

Synopsis

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Newsight Imaging, a manufacturer of complementary metal-oxide-semiconductor image sensor chips, agreed to go public via a SPAC merger with Vision Sensing Acquisition in a $380m deal. “Newsight has built a strong foundation for its technology, and with their expected exceptional growth rate, we anticipate they can produce very substantial returns to our investors. We believe our business combination will fuel rapid growth, with a significant focus on strategic alliances with top global leaders in the automotive, medical, Metaverse and many other sectors," George Sobek, VSAC CEO.

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