Vision Sensing Acquisition, Mediforum terminate merger agreement

Vision Sensing Acquisition has mutually agreed with Mediforum to terminate the agreement and plan of merger dated as of January 12. The parties agreed that it would not be possible for them to complete the proposed transaction within a reasonable period of time and have waived any claims against each other. Concurrently, VSAC is pleased to announce that it has entered into a non-binding letter of intent with Delaware incorporated Convergence CT to complete a business combination between the company and CCT pursuant to which VSAC will directly or indirectly acquire 100% of the outstanding equity of the company in exchange for the consideration described below. The legal transaction structure will be determined by the parties based on business, legal, tax, accounting, and other considerations.