Rail Vision Ltd. (RVSN) has released an update.
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Rail Vision Ltd., an Israeli-based company, has announced the sale of ordinary shares with proceeds up to $20 million, alongside the issuance of additional shares as part of an equity purchase agreement. These transactions, involving Advance Shares and Commitment Shares, are in accordance with a standby equity purchase agreement with YA II PN, LTD. The company confirms that all corporate proceedings and necessary authorizations for these shares have been duly executed under Israeli law.
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