Foresight Autonomous Holdings Ltd. Announces Proposed Public Offering of American Depositary Shares

NESS ZIONA, Israel–(BUSINESS WIRE)–lt;a href="" target="_blank"gt;#FRSXlt;/agt;–Foresight Autonomous Holdings Ltd. (TASE/Nasdaq:FRSX) (the “Company”),
an innovator in automotive vision systems, today announced
that it intends to offer for sale its American Depositary Shares in an
underwritten public offering. The Company intends to use the net
proceeds from this offering for general corporate purposes. The offering
is subject to market conditions, and there can be no assurance as to
whether or when the offering may be completed, or as to the actual size
or terms of the offering.

A.G.P./Alliance Global Partners is acting as the sole book-running
manager for the offering. Chardan is acting as lead manager. The
Benchmark Company is acting as co-manager for the offering.

This offering is being made pursuant to an effective shelf registration
statement on Form F-3 (No. 333-229715) previously filed with the U.S.
Securities and Exchange Commission (the “SEC”). A preliminary prospectus
supplement and accompanying prospectus describing the terms of the
proposed offering will be filed with the SEC and will be available on
the SEC’s website located at
Electronic copies of the preliminary prospectus supplement and
prospectus may be obtained, when available, from A.G.P./Alliance Global
Partners, 590 Madison Avenue, 36th Floor, New York, NY 10022 or via
telephone at 212-624-2060 or email:
Before investing in this offering, interested parties should read in
their entirety the prospectus supplement and the accompanying prospectus
and the other documents that the Company has filed with the SEC that are
incorporated by reference in such prospectus supplement and the
accompanying prospectus, which provide more information about the
Company and such offering.

This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of these
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or

About Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX)

Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), founded in
2015, is a technology company engaged in the design, development and
commercialization of stereo/quad-camera vision systems for the
automotive industry. Foresight’s vision systems are based on 3D video
analysis, advanced algorithms for image processing and sensor fusion.
The company, through its wholly owned subsidiary Foresight Automotive
Ltd, develops advanced systems for accident prevention which are
designed to provide real-time information about the vehicle’s
surroundings while in motion. The systems are designed to improve
driving safety by enabling highly accurate and reliable threat detection
while ensuring the lowest rates of false alerts. The company’s systems
are targeting the Advanced Driver Assistance Systems (ADAS),
semi-autonomous and autonomous vehicle markets. The company predicts
that its systems will revolutionize automotive safety by providing an
automotive-grade, cost-effective platform and advanced technology.

Safe Harbor Disclosure

This press release contains forward-looking statements that are made
pursuant to the safe harbor provisions within the meaning of Section 27A
of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Forward-looking statements
are any statements that express the current beliefs and expectations of
management, including but not limited to statements related to the
proposed offering and the Company’s use of proceeds. Any statements
contained herein that do not describe historical facts are
forward-looking statements that are subject to risks and uncertainties,
including market conditions, that could cause actual results,
performance and achievements to differ materially from those discussed
in such forward-looking statements. The Company cautions readers not to
place undue reliance on any forward-looking statements, which speak only
as of the date they were made. The Company undertakes no obligation to
update or revise forward-looking statements, except as otherwise
required by law, whether as a result of new information, future events
or otherwise.

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