Vision Sensing Acquisition Corp. Announces Pricing of $88 Million Initial Public Offering
Summary
Once the securities comprising the units begin separate trading, the shares of Class A common stock and warrants are expected to be listed on the Nasdaq under the symbols “VSAC” and “VSACW,” respectively. While the Company may pursue an initial business combination target in any business or industry, it intends to focus on companies with operations in the vision sensing technologies (“VST”), including hardware chip solutions (such as chips, modules and systems), VST-related application software, artificial intelligence (“AI”) and other peripheral technologies that assist to integrate and/or supplement VST applications. EF Hutton, division of Benchmark Investments, LLC, is acting as sole book running manager for the offering. The Company has granted the underwriter a 45-day option to purchase up to an additional 1,320,000 units at the initial public offering price to cover over-allotments, if any. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.