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Vision Sensing Acquisition Corp. (NASDAQ: VSACU, VSAC, VSACW) announced it has extended the deadline to consummate its initial business combination to July 3, 2024. The extension was facilitated by a $51,016.10 deposit made by the company's sponsor, Vision Sensing, , into the company's trust account. This payment was made in exchange for a non-interest bearing, unsecured promissory note. This is the second of six possible one-month extensions allowed under the company's amended and restated certificate of incorporation. The extension provides additional time to finalize the merger with Mediforum Co. , a Korean company, under the Agreement and Plan of Merger signed on January 12, 2024.
Vision Sensing Acquisition Corp. (NASDAQ: VSAC) announced its intention to extend the deadline for completing its initial business combination from June 3, 2024, to July 3, 2024. This marks the second of up to six allowable one-month extensions. The sponsor, Vision Sensing, , will deposit $51,016.10 into the company's trust account by June 3, 2024, and will receive a non-interest bearing, unsecured promissory note in return. This extension is part of the company's plan to finalize its merger with Mediforum Co. , a Korean company, as per the Mediforum Business Combination Agreement signed on January 12, 2024.
Vision Sensing Acquisition Corp. announced the payment of a fee to extend the period to consummate its initial business combination with Mediforum Co. from May 3, 2024, to June 3, 2024. The Company's sponsor deposited $51,016.10 into the trust account for the extension, with the option for up to six one-month extensions. This move provides the Company with more time to finalize the Business Combination as per the Merger Agreement.
