Israel’s Rail Vision announces USD20m Standby Equity Purchase Agreement
Categories: Capital Markets
Rail Vision, an Israeli company specialising in railway safety and automated solutions, has announced a USD 20 million standby equity purchase agreement. This agreement, often used to provide financial flexibility, allows Rail Vision to raise capital as needed by issuing shares up to the agreed amount over time.
Greenberg Traurig acted for Rail Vision Ltd. with Capital Markets Shareholder David Huberman and attorney Michael Soumas advising.
Rail Vision develops innovative, AI-based, industry-leading detection technology specifically designed for railways to save lives, increase efficiency, and dramatically reduce expenses for the railway operator.
