Mergers & Acquisitions ·
Foresight Autonomous Holdings Ltd. entered into a non-binding term sheet to acquire a 50.01% controlling interest in a…
FRSXForesight Autonomous Holdings Ltd.
Foresight Autonomous Holdings Ltd. entered into a non-binding term sheet to acquire a 50.01% controlling interest in a company developing data center projects in Poland with a combined planned capacity of up to 270 MW across Warsaw and Wroclaw. The acquisition consideration will be determined by independent valuation and financed via seller loan, while Foresight expects to contribute approximately $1 million at closing for outstanding shareholder loans and commit to additional loans of up to $2.5 million. CFO Eli Yoresh holds a 10% stake in the target entity. This strategic move expands the company's operations beyond its core technology into infrastructure development. The company operates in the technology sector, developing advanced three-dimensional perception systems and cellular-based applications for automotive and defense markets.