Loading…
Newsight Imaging Ltd., an Israeli semiconductor company, signed a definitive agreement to merge with SPAC Vision Sensing Acquisition Corp., valuing Newsight at US$215 million. The combined company is expected to list on Nasdaq under the symbol NSIM.
Vision Sensing Acquisition Corp. (VSAC) announced a definitive business combination agreement to acquire Newsight Imaging Ltd., an Israeli semiconductor company developing 3D machine vision sensors and spectral vision chips, valuing Newsight at US$215 million.
Newsight Imaging Ltd. signed a commercial agreement with SSZN to supply the NSI1000 sensor chip for SSZN's Industry 4.0 production line sensors, with an initial order of 100,000 chips to be delivered in the upcoming months.