Rail vision ltd. announces pricing of initial public offering

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.
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