Brief: Vision Sensing Acquisition Corp. Announces Letter Of Intent With Convergence CT, Inc.

Vision Sensing Acquisition

22/08/2024 22:37

Aug 22 (Reuters) - Vision Sensing Acquisition Corp
 VSAC.O :
    * VISION SENSING ACQUISITION CORP. ANNOUNCES LETTER OF
INTENT WITH
CONVERGENCE CT, INC.
    * VISION SENSING ACQUISITION CORP: AGREES TO TERMINATE
PREVIOUS
AGREEMENT WITH MEDIFORUM CO., LTD.
    * VISION SENSING ACQUISITION CORP: VSAC AND CCT HAVE AGREED
TO A
TOTAL CONSIDERATION TO CCT SHAREHOLDERS OF US$135 MILLION
    * VISION SENSING ACQUISITION CORP: ENTERED INTO A
NON-BINDING
LETTER OF INTENT WITH DELAWARE INCORPORATED CONVERGENCE CT
    * VISION SENSING ACQUISITION CORP: WILL DIRECTLY OR
INDIRECTLY
ACQUIRE 100% OF OUTSTANDING EQUITY OF CONVERGENCE
    * VISION SENSING ACQUISITION CORP - INITIAL PAYMENT TO CCT
SHAREHOLDERS SET AT $110 MILLION

Source text for Eikon:  ID:nGNX1pHzLY 
Further company coverage:  VSAC.O 

 ((Reuters.Briefs@thomsonreuters.com;))