Foresight Autonomous Holdings (FRSX) has released an update.
Foresight Autonomous Holdings Ltd. has announced a proposed offering of American Depositary Shares (ADSs) totaling up to $1,130,000. These shares will represent thirty ordinary shares each and will be offered as described in their recent SEC filings, including a registration statement and a prospectus supplement. The company’s legal counsel has verified that the ordinary shares underlying the ADSs have been duly authorized and will be validly issued, fully paid, and non-assessable upon sale.
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