Foresight Autonomous Holdings ( (FRSX) ) has provided an announcement.
On March 7, 2025, Foresight Autonomous Holdings Ltd. and its subsidiary Eye-Net Mobile Ltd. entered into securities purchase agreements with institutional and private investors, valuing Eye-Net at $45 million. The investment, totaling approximately $2.75 million, involves the purchase of 5.8% of Eye-Net’s ordinary shares and includes antidilution protections. Eye-Net plans to use the proceeds for working capital and general corporate purposes. This investment could strengthen Eye-Net’s market position and provide financial resources for further development of its V2X technology.
More about Foresight Autonomous Holdings
Foresight Autonomous Holdings Ltd. operates in the autonomous vehicle technology industry, focusing on developing advanced driver assistance systems and autonomous driving solutions. Its subsidiary, Eye-Net Mobile Ltd., specializes in cellular-based V2X (vehicle-to-everything) solutions, aiming to enhance road safety and communication between vehicles and their surroundings.
YTD Price Performance: -48.00%
Average Trading Volume: 1,016,072
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $16.35M
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