Announced
Financials
Tags
Majority
Electrical Components
De-SPAC
Acquisition
Pending
Reverse Takeover
electronic equipment
Friendly
Cross Border
Israel
sensing solutions
Private
Merger
Single Bidder
Synopsis
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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