BRIEF-Vision Sensing Acquisition Corp. Announces Letter Of Intent With Convergence CT, Inc.

Reuters08-23

Aug 22 (Reuters) - Vision Sensing Acquisition Corp

:

* VISION SENSING ACQUISITION CORP. ANNOUNCES LETTER OF INTENT WITH CONVERGENCE CT, INC.

* VISION SENSING ACQUISITION CORP: AGREES TO TERMINATE PREVIOUS AGREEMENT WITH MEDIFORUM CO., LTD.

* VISION SENSING ACQUISITION CORP: VSAC AND CCT HAVE AGREED TO A TOTAL CONSIDERATION TO CCT SHAREHOLDERS OF US$135 MILLION

* VISION SENSING ACQUISITION CORP: ENTERED INTO A NON-BINDING LETTER OF INTENT WITH DELAWARE INCORPORATED CONVERGENCE CT

* VISION SENSING ACQUISITION CORP: WILL DIRECTLY OR INDIRECTLY ACQUIRE 100% OF OUTSTANDING EQUITY OF CONVERGENCE

* VISION SENSING ACQUISITION CORP - INITIAL PAYMENT TO CCT SHAREHOLDERS SET AT $110 MILLION

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