Vision Sensing Acquisition Corp merges with Israel’s Newsight Imaging Ltd
Vision Sensing Acquisition Corp (“VSAC”), a Nasdaq listed SPAC, is merging with Israeli optical sensor company Newsight Imaging Ltd., after which Newsight is expected to list on Nasdaq, with a combined value of USD 380 million.
Newsight develops advanced CMOS image sensor chips for 3D machine vision and spectral analysis, including for LIDAR laser sensors used in autonomous cars.
Nelson Mullins Riley & Scarborough LLP acted as US legal counsel and Goldfarb Seligman & Co. Law Offices acted as Israeli legal counsel to VSAC in the transaction. Ellenoff Grossman & Schole LLP acted as US legal counsel and Gross Law Firm GKH acted as Israeli legal counsel to Newsight in the transaction.
Gross Law Firm (GKH)‘s team was led be Partners Shlomo Farkas from Hi-Tech and Venture Capital department and Perry Wildes from Capital Markets, as well as Nathan Hyman, Amit Zuchman, Rinat Hollander
Goldfarb Seligman‘s team was led by partner Ido Zemach of the International Corporate and Securities Department, including senior counsel Ephraim Friedman, associates Greg Samodryga and Maya Dagan and intern Oren Mazigh of the International Corporate and Securities Department, as well as Co-Head of the Tax Department Yaron Sever, Deputy Head of the Antitrust and Competition Department, Nimrod Prawer, and associates Gadi Shaw-Shahak and Idan Ashush of the Labor and Corporate Immigration Department.
