Foresight Plans to Acquire 50.01% in a 270MW Capacity European Data Center Development Company
The projects have combined planned capacity of up to 270 MW, but the acquisition has not reached a definitive agreement.
Rhea-AI Summary
Foresight Autonomous Holdings (FRSX) signed a non-binding term sheet to acquire 50.01% of a company advancing two Polish data center projects.
The target is expected to hold 66.67% of each project. Planned capacity is 130 MW near Warsaw and up to 140 MW near Wroclaw. The Warsaw site has approximately 3.2 hectares of secured land, while land for Wroclaw remains under negotiation.
An independent valuation will determine the purchase price before definitive agreements, and a seller loan would fund the purchase. At closing, Foresight expects to contribute approximately $1 million toward outstanding shareholder loans and commit up to $2.5 million in additional loans. The target's current shareholders or their representatives would provide a convertible loan facility of up to US$3,500,000. The proposal remains subject to due diligence, definitive documents and required approvals.
Negative
- Financing approvals remain required for the proposed acquisition.
News Explained
The release adds that Foresight CFO Eli Yoresh owns a
Details
Market move: FRSX -6.09% vs previous close. Poland data center acquisition
On Sep 28, the day this news came out, the latest delayed price for FRSX is 6.09% below the previous close. Our momentum scanner has recorded 8 alerts for this stock so far that day. The latest delayed price is $1.08. Relative volume is exceptionally heavy at 168.2x the average.
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Key Figures
- Proposed controlling interest
- 50.01%
- Proposed acquisition of the Data Centers Company
- Project-company interests
- 66.67%
- Interest the Data Centers Company is expected to hold in each project company
- Combined planned capacity
- Up to 270 MW
- Two data center projects in Poland
- Additional shareholder loans
- Up to $2.5 million
- Proposed loans to advance the two projects
- Convertible loan facility
- Up to US$3,500,000
- Proposed facility to fund Foresight's obligations, subject to agreed budget, business plan and milestones
- Expected final permit
- By the end of 2027
- Warsaw project's final permit; grid connection application submitted
Historical Context
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Foresight began exploratory evaluation of data centers as a possible expansion market.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
non-binding term sheet financial
convertible loan facility financial
colocation technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
Enters into a non-binding term sheet which will potentially provide control over two data center development projects in Warsaw and Wroclaw, Poland, with planned capacity of up to 270 MW
NESS ZIONA, Israel, Sept. 28, 2026 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in 3D perception systems, announced today that it has entered into a non-binding term sheet for the proposed acquisition of a
The Data Centers Company is expected to hold a
The remaining
The Warsaw project, located in Ożarów, Poland, includes approximately 3.2 hectares of secured land, with an additional 2.2-hectare option. A grid connection application has been submitted, with final permit currently expected by the end of 2027. The Wroclaw project encompasses approximately 10 hectares, with its feasibility study completed and land currently under negotiation.
According to the data produced by the European Data Centre Association , Poland’s colocation capacity is forecast to increase from approximately 29 MW in 2026 to 511 MW by 2031, underscoring the country’s position as a growing data center market in the Central and Eastern Europe.
Haim Siboni, Chief Executive Officer of Foresight, said, “As we previously announced, Foresight has been evaluating opportunities to expand into new technology markets and identify additional areas for growth beyond our existing activities, including data centers. The proposed transaction is a natural extension of this strategy, providing Foresight with an opportunity to establish a controlling interest in a platform advancing two data center projects in Poland. At the same time, we continue to advance our proprietary technologies and expand their applications, including our recently announced development of full autonomous driving solutions for Unmanned Ground and Aerial Vehicles.”
The purchase price for the
At closing, Foresight expects to also contribute an amount currently estimated at approximately
The proposed transaction remains subject to the completion of Foresight’s due diligence, an independent valuation, agreement on definitive transaction documents and transaction structure, and receipt of required corporate, regulatory, stock exchange, governmental, financing, and third-party approvals.
Eli Yoresh, the Company’s Chief Financial Officer, owns a
About Foresight
Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) is a technology company developing advanced three-dimensional (3D) perception systems and cellular-based applications. Through its wholly owned subsidiaries, Foresight Automotive Ltd., Foresight Changzhou Automotive Ltd., and Eye-Net Mobile Ltd., Foresight develops both “in-line-of-sight” vision systems and “beyond-line-of-sight” accident-prevention solutions.
Foresight’s 3D perception systems include modules of automatic calibration and dense 3D point cloud that can be applied to different markets such as automotive, defense, autonomous driving, agriculture, heavy industrial equipment, and unmanned aerial vehicles (UAVs).
Eye-Net Mobile develops next-generation vehicle-to-everything collision prevention solutions and smart automotive systems to enhance road safety and situational awareness for all road users in urban mobility environments. By leveraging cutting-edge artificial intelligence technology, advanced analytics, and existing cellular networks, Eye-Net’s innovative solution suite delivers real-time pre-collision alerts to all road users via smartphones and other smart devices within vehicles.
For more information about Foresight and its wholly owned subsidiary, Foresight Automotive, visit www.foresightauto.com, follow @ForesightAuto1 on X, or join Foresight Automotive on LinkedIn.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Foresight is using forward-looking statements in this press release when it discusses the likelihood of success of data center development in Poland, possible growth in the European energy market, the likelihood of energy production by the potential data centers, entry into definitive agreements and future cooperation between the parties to the nonbinding term sheet and that the proposed transaction remains subject to the completion of Foresight’s due diligence, an independent valuation, agreement on definitive transaction documents and transaction structure, and receipt of required corporate, regulatory, stock exchange, governmental, financing, and third-party approvals. Because such statements deal with future events and are based on Foresight’s current expectations, they are subject to various risks and uncertainties, and actual results, performance or achievements of Foresight could differ materially from those described in or implied by the statements in this press release.
The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading "Risk Factors" in Foresight's annual report on Form 20-F for the fiscal year ended December 31, 2025, filed with the Securities and Exchange Commission ("SEC") on March 25, 2026, and in any subsequent filings with the SEC. Except as otherwise required by law, Foresight undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Foresight is not responsible for the content of third party websites.
Investor Relations Contact:
Miri Segal-Scharia
CEO
MS-IR LLC
msegal@ms-ir.com
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What would Foresight acquire under the Polish data center proposal?
Foresight would acquire a 50.01% interest in a company expected to hold 66.67% of each of two Polish data center projects. The projects are near Warsaw and Wroclaw, with combined planned capacity of up to 270 MW. The term sheet is non-binding.
How would Foresight fund the proposed Polish data center acquisition?
A seller loan would finance the purchase price in full. The target's current shareholders or their representatives would also provide Foresight with a convertible loan facility of up to US$3,500,000 to fund its expected shareholder-loan obligations. That facility is subject to an agreed budget, business plan and project milestones, with terms to be agreed in a separate agreement.
What is the status of the Warsaw and Wroclaw data center sites?
The Warsaw project has approximately 3.2 hectares of secured land and an option for an additional 2.2 hectares. A grid connection application has been submitted; Foresight expects the final permit by the end of 2027. The Wroclaw project's feasibility study is complete, but its land remains under negotiation.
Does Foresight's CFO own a stake in the proposed acquisition target?
Yes. Foresight Chief Financial Officer Eli Yoresh owns a 10% stake in the company Foresight proposes to acquire.