Rail vision ltd. announces closing of $15.6 million initial public offering

Ra'anana, israel, april 04, 2022 (globe newswire) -- rail vision ltd. (the “company”) (nasdaq: rvsn), a development stage technology company that is seeking to revolutionize railway safety and the data-related market, today announced the closing of its initial public offering of 3,787,241 ordinary shares and accompanying warrants to purchase 3,787,241 ordinary shares. each ordinary share was sold together with one warrant to purchase one ordinary share with an exercise price of $4.13 at a combined public offering price of $4.13 per share and accompanying warrant. gross proceeds for the offering were approximately $15.6 million, before deducting underwriting discounts and commissions and estimated offering expenses.
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