Foresight Autonomous prices 4.5M shares at $1.00 in registered direct offering

Foresight Autonomous Holdings entered into definitive agreements with institutional investors and insiders of the Company, including the Company’s CEO, for the purchase and sale of 4,500,000 of the Company’s American Depositary Shares at a price of $1.00 per ADS pursuant to a registered direct offering. The gross proceeds of the offering will be approximately $4.5 million, before deducting placement agent fees and other estimated offering expenses. The closing of the offering is expected to occur on or about December 11, 2023, subject to the satisfaction of customary closing conditions. The Company intends to use the net proceeds of this offering for working capital and other general corporate purposes. A.G.P./Alliance Global Partners is acting as the sole placement agent for the offering.