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Foresight Autonomous Holdings: $2.5M Drone Tech Deal in India - Form 6-K Report

$FRSX
Form 6-K
Filed on: 2025-01-14
Source
Foresight Autonomous Holdings: $2.5M Drone Tech Deal in India - Form 6-K Report

Here are the key insights extracted from the provided section of the financial report:

  1. Filing Type and Date: The document is a Form 6-K, which is a report of a foreign private issuer, filed on January 13, 2025.
  2. Company Information:
  • Name: Foresight Autonomous Holdings Ltd.
  • Address: 7 Golda Meir, Ness Ziona 7403650, Israel.
  • Commission File Number: 001-38094.
  1. Content Overview:
  • The report includes a press release by Foresight Autonomous Holdings Ltd. regarding an agreement to supply autonomous drone technology in India.
  • The press release indicates a revenue potential of up to $2.5 million by 2026.
  1. Incorporation of Statements: The first three paragraphs and the "Forward-Looking Statements" section of the press release are incorporated by reference into the company's Registration Statements on Form F-3 and Form S-8.
  2. Signature and Authorization:
  • The report is signed by Eli Yoresh, who is the Chief Financial Officer (CFO) of the company.
  • The report was duly authorized and filed under the requirements of the Securities Exchange Act of 1934.
  1. Exhibit: The report includes Exhibit 99.1, which is the referenced press release detailing the agreement and potential revenue.

These points highlight the company's strategic move into the Indian market and its anticipated revenue generation, which is significant for stakeholders assessing the company's growth prospects.