Rail Vision Ltd. Announces Share Sale and Issuance

Rail Vision Ltd. (RVSN) has released an update.

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.

For further insights into RVSN stock, check out TipRanks’ Stock Analysis page.