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Foresight Autonomous Holdings Ltd (FRSX.OQ)

FRSX.OQ on NASDAQ Stock Exchange Capital Market

2.90USD
17 Sep 2018
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Latest Key Developments (Source: Significant Developments)

Foresight Signs Agreement To Merge Eye-Net Activities With Tamda
Wednesday, 9 May 2018 01:45am EDT 

May 9 (Reuters) - Foresight Autonomous Holdings Ltd ::PRESS RELEASE - FORESIGHT SIGNS AN AGREEMENT TO MERGE ITS EYE-NET™ ACTIVITIES WITH TAMDA.FORESIGHT AUTONOMOUS HOLDINGS-WILL TRANSFER 100% OF SHARE CAPITAL OF SUBSIDIARY TO TAMDA IN RETURN FOR APPROXIMATELY 74.49% OF TAMDA'S SHARE CAPITAL.FORESIGHT AUTONOMOUS HOLDINGS - TAMDA WILL HAVE NO ASSETS, LIABILITIES OR OBLIGATIONS OF ANY KIND AND WILL HAVE NET CASH OF NIS 2,000,000 UPON CLOSING.FORESIGHT AUTONOMOUS - WILL SPIN OFF ITS ACTIVITIES DEDICATED TO DEVELOPMENT OF ITS EYE-NET(TM) ACCIDENT PREVENTION SYSTEM INTO ITS UNIT.FORESIGHT AUTONOMOUS HOLDINGS LTD - HAS SIGNED A MERGER AGREEMENT WITH TAMDA LTD AND ITS CONTROLLING SHAREHOLDER, IPAX ISSUES LTD.FORESIGHT- CO WILL ESTABLISH WHOLLY-OWNED SUBSIDIARY, TRANSFER TO SUBSIDIARY ALL OF CO’S RIGHTS, INCLUDING INTELLECTUAL PROPERTY, FOR NO CONSIDERATION.FORESIGHT AUTONOMOUS HOLDINGS-CO WILL SPIN OFF ACTIVITIES DEDICATED TO DEVELOPMENT OF EYE-NET ACCIDENT PREVENTION SYSTEM INTO UNIT, THEN MERGE INTO TAMDA.  Full Article

Foresight Autonomous Enters Into Memorandum Of Understandings
Tuesday, 6 Mar 2018 05:18pm EST 

March 6 (Reuters) - Foresight Autonomous Holdings Ltd ::FORESIGHT AUTONOMOUS HOLDINGS LTD - CO ENTERED INTO MEMORANDUM OF UNDERSTANDINGS WITH TAMDA LTD AND TAMDA’S CONTROLLING SHAREHOLDERS - SEC FILING‍​.FORESIGHT AUTONOMOUS-PARTIES AGREED TO PROCEED TRANSACTION TO SPIN OFF CO’S ACTIVITIES DEDICATED TO DEVELOPMENT OF EYE-NETTM ACCIDENT PREVENTION SYSTEM.  Full Article

‍Foresight increases stake in Rail Vision following successful trial in Europe​
Wednesday, 10 Jan 2018 01:45am EST 

Jan 10 (Reuters) - Foresight Autonomous Holdings Ltd ::‍FORESIGHT INCREASES STAKE IN RAIL VISION FOLLOWING SUCCESSFUL TRIAL IN EUROPE​.FORESIGHT AUTONOMOUS HOLDINGS- ‍HAS INCREASED STAKE IN RAIL VISION BY EXERCISING WARRANTS INTO 11,486 OF RAIL VISION'S SHARES FOR AGGREGATE OF $2.24 MILLION​.‍FOLLOWING EXERCISE, FORESIGHT HOLDS 32.62% OF ISSUED AND OUTSTANDING SHARE CAPITAL OF RAIL VISION​.  Full Article