Vision Sensing Acquisition Corp. (VSACU) Prices $88M IPO

Vision Sensing Acquisition Corp. announced the pricing of its $88 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “VSACU” Monday, November 1.

The new SPAC intends to search for a merger target among hardware chip firms, vision sensing software developers and those with AI tools. Vision Sensing is led by Chairman and CEO George Peter Sobek alongside CFO and Secretary Hang Kon Louis Ma.

Total SPAC deal count for 2021 year-to-date is now 505. This offering is expected to close on Wednesday, November 3.

EF Hutton is acting as the sole book-running manager for this offering. Reed Smith LLP is serving as Issuer’s Counsel with Ballard Spahr LLP serving as Underwriter’s Counsel. Adeptus Partners, LLC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.