Foresight Autonomous Holdings Ltd. Boosts ADS Offering to $7M – January 2025 Report

Based on the provided section of the financial report (Form 6-K), here are the key insights and information extracted:

1. Company Overview:

• Name: Foresight Autonomous Holdings Ltd.
• Location: 7 Golda Meir, Ness Ziona, 7403650, Israel.
• Commission File Number: 001-38094.

2. Reporting Period:

• The report pertains to the month of January 2025.

3. ADS Offering:

• The company has increased the maximum aggregate offering price of American Depositary Shares (ADSs) from $1,130,000 to $7,000,000.
• Each ADS represents thirty ordinary shares.
• This increase is made under a Sales Agreement with A.G.P./Alliance Global Partners dated June 14, 2024.

4. Legal Opinion:

• An opinion from Lipa Meir & Co. regarding the legality of the issuance and sale of the ADSs is included as Exhibit 5.1.

5. Incorporation by Reference:

• This report is incorporated by reference into the company's Registration Statements on Form F-3 and Form S-8, indicating that it is part of the ongoing regulatory documentation.

6. Signatures:

• The report is signed by Eli Yoresh, Chief Financial Officer, dated January 3, 2025.

7. Exhibits:

• The report includes an exhibit (5.1) containing the legal opinion and another exhibit (23.1) with the consent of Lipa Meir & Co.

This information indicates that Foresight Autonomous Holdings Ltd. is actively managing its capital through an ADS offering, significantly increasing the potential funds raised, and is compliant with SEC regulations by filing the necessary documentation.