The strategic equity investment reflects a multiple of three times of Foresight's current market value to reach a post investment valuation of approximately $35 million

NESS ZIONA, Israel, April 20, 2026 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) ("Foresight" or the "Company"), an innovator in 3D perception systems, today announced that it has entered into a non-binding term sheet with VisionWave Holdings, Inc. (NASDAQ:VWAV) ("VisionWave"), a defense and advanced sensing technology company.

Pursuant to the term sheet, at closing, VisionWave will make a strategic equity investment of up to $17.5 million (but not less than $15.45 million) through the issuance of VisionWave common stock based on the five-day average closing price of VisionWave's common stock prior to closing. In exchange, VisionWave will receive Foresight's ordinary shares representing up to 51% (but not less than 45%) of the Company's issued and outstanding share capital. The transaction values Foresight at a significant premium with a multiple of approximately three times its current market value.

The Company believes that the $17.5 million investment will provide it with substantial financial strength to support ongoing operations, technology development, and commercialization of next-generation perception solutions.

As agreed in the term sheet, Foresight will place greater focus on the defense, military, and homeland security markets, areas in which it is already active. These fields benefit from strong synergy between Foresight's advanced camera-based perception systems and VisionWave's radio frequency (RF) and defense-focused technologies, along with VisionWave's global business development capabilities and ongoing projects. This strategic collaboration is driven by Foresight's business strategy to lead 3D perception applications, in challenging and extreme off-road and aerial environments, leveraging its technology advantages in these growing markets.