Rail Vision (RVSN) Announces $20M Standby Equity Purchase Agreement

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Go back to Rail Vision (RVSN) Announces $20M Standby Equity Purchase Agreement

Rail Vision Announces $20 Million Standby Equity Purchase Agreement

October 9, 2024 7:42 AM EDT

Securing this strategic financial partnership will support Rail Visions expected market expansion,  growth initiatives and financial requirements

Raanana, Israel, Oct. 09, 2024 (GLOBE NEWSWIRE) -- Rail Vision Ltd. (Nasdaq: RVSN) (the Company), a technology company at the forefront of revolutionizing railway safety and the data-related market, announced that it has entered into a Standby Equity Purchase Agreement (the SEPA), with YA II PN, Ltd. (Yorkville), a fund managed by Yorkville Advisors Global, LP. Pursuant to the terms of the SEPA, the Company has the right, but not the obligation, to sell... More