Rail Vision Ltd. Announces Pricing of Initial Public Offering

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Mar 31, 2022

Ra’anana, Israel , March 30, 2022 (GLOBE NEWSWIRE) -- Rail Vision Ltd. (the “Company”), a development stage technology company that is seeking to revolutionize railway safety and the data-related market, today announced the pricing of its initial public offering of 3,787,241 units at a combined public offering price of $4.13 per unit, each consisting of one ordinary share and one warrant to purchase one ordinary share, with an initial exercise price of $4.13 per share. The gross proceeds of the offering are expected to be $15.6 million before deducting underwriting discounts, commissions and offering expenses. The offering is expected to close on April 4, 2022, subject to satisfaction of customary closing conditions.