Foresight Raises Additional .9 Million (NIS 25 Million) Including from Leading Israeli Institutional Investors Through Private Placements | Financial Buzz

Foresight Raises Additional $6.9 Million (NIS 25 Million) Including from Leading Israeli Institutional Investors Through Private Placements

Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an innovator
in automotive vision systems, announced today that it has entered into
private placement agreements with Israeli investors, including Meitav
Dash Group and Psagot Investment House, two leading Israeli
institutional investors. Following the closing of the private
placements, Meitav Dash Group will hold an aggregate of approximately
5.45% of Foresight’s issued share capital and Psagot Investment House
will hold 1.85% of Foresight’s issued share capital.

Pursuant to the terms of the private placements, which totaled $6.9
million (NIS 25 Million) Meitav Dash Group will invest approximately
$4.1 million (NIS 14.75 million), Psagot Investment House will invest
approximately $1.4 million (NIS 5 million) and additional investors will
invest an aggregate of approximately $1.4 million (NIS 5 million).
Foresight, subject to customary closing conditions, will issue an
aggregate of 21,963,411 ordinary shares to the investors, at a price per
share of NIS 2.05 (approximately $0.56 per ordinary share, or $2.81 per
ADS). In addition, Foresight agreed to issue warrants to purchase an
aggregate of 21,963,411 ordinary shares at an exercise price of $0.80
per share ($4 per ADS), exercisable for a period of 24 months.

The issued ordinary shares will be restricted for a period of six months
under Israeli securities laws.

The securities described herein have not been registered under the
Securities Act of 1933, as amended, and may not be sold in the United
States absent registration or an applicable exemption from the
registration requirements.

This press release shall not constitute an offer to sell nor the
solicitation of an offer to buy securities, nor shall there be any sale
of these securities in any state or other jurisdiction in which such an
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or

About Foresight

Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), founded in
2015, is a technology company engaged in the design, development and
commercialization of stereo/quad-camera vision systems and V2X
cellular-based solutions for the automotive industry. Foresight’s vision
systems are based on 3D video analysis, advanced algorithms for image
processing, and sensor fusion. The company, through its wholly owned
subsidiary Foresight Automotive Ltd., develops advanced systems for
accident prevention which are designed to provide real-time information
about the vehicle’s surroundings while in motion. The systems are
designed to improve driving safety by enabling highly accurate and
reliable threat detection while ensuring the lowest rates of false
alerts. The company’s systems are targeting the Advanced Driver
Assistance Systems (ADAS), semi-autonomous and autonomous vehicle
markets. The company predicts that its systems will revolutionize
automotive safety by providing an automotive-grade, cost-effective
platform and advanced technology.

Forward-Looking Statements

This press release contains forward-looking statements within the
meaning of the “safe harbor” provisions of the Private Securities
Litigation Reform Act of 1995 and other Federal securities laws. Words
such as “expects,” “anticipates,” “intends,” “plans,” “believes,”
“seeks,” “estimates” and similar expressions or variations of such words
are intended to identify forward-looking statements. Because such
statements deal with future events and are based on Foresight’s current
expectations, they are subject to various risks and uncertainties, and
actual results, performance or achievements of Foresight could differ
materially from those described in or implied by the statements in this
press release.

The forward-looking statements contained or implied in this press
release are subject to other risks and uncertainties, including those
discussed under the heading “Risk Factors” in Foresight’s annual report
on Form 20-F filed with the Securities and Exchange Commission (“SEC”)
on March 27, 2018, and in any subsequent filings with the SEC. Except as
otherwise required by law, Foresight undertakes no obligation to
publicly release any revisions to these forward-looking statements to
reflect events or circumstances after the date hereof or to reflect the
occurrence of unanticipated events. References and links to websites
have been provided as a convenience, and the information contained on
such websites is not incorporated by reference into this press release.
Foresight is not responsible for the contents of third party websites.

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