QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Affiliate Receives $10M Strategic Investment
Automotive technology innovator Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX) this morning announced that its affiliate, Rail Vision Ltd., and Knorr-Bremse Systeme für Schienenfahrzeuge GmbH, an affiliate of Knorr-Bremse AG, executed an agreement in which Knorr-Bremse will invest $10 million in Rail Vision for a 21.3% share of Rail Vision. The investment will be made in two installments. Additionally, Knorr-Bremse has been issued warrants to purchase further shares of Rail Vision and will appoint a director and two non-voting observers to Rail Vision’s board of directors. After completion of the investment, Foresight’s holdings in Rail Vision will be 25.53% on…