NetworkNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Increases Ownership in Rail Vision Ltd.
Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX) this morning announced that it has increased its ownership in Rail Vision Ltd., making the company the largest shareholder. Foresight raised its ownership stake to roughly 35% of issued and outstanding shares and 34% on a fully diluted basis by exercising $2.24 million of warrants. Rail Vision develops unique solutions and vision-based systems for innovative safety, asset and fleet management in the rail industry. “We believe that, like in the automotive space, the next step is to provide trains with sensors and processing capabilities, to prevent accidents, reduce downtime, and increase productivity. Rail…







