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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): April 30, 2024

 

Vision Sensing Acquisition Corp.

(Exact name of registrant as specified in its charter)

 

Delaware   001-40983   87-2323481
(State or other jurisdiction of incorporation)  

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

10 E. 53rd St. Suite 3001, New York, NY 10022 33130

(Address of principal executive offices) (Zip Code)

 

Registrant’s telephone number, including area code (786) 633-2520

 

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
     
  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
     
  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
     
  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of Each Class   Trading Symbol(s)   Name of Each Exchange on Which Registered
Units, each consisting of one share of Class A Common Stock and three-quarters of one Redeemable Warrant   VSACU   The Nasdaq Stock Market LLC
Class A Common Stock, $0.0001 par value per share   VSAC   The Nasdaq Stock Market LLC
Redeemable Warrants, each whole warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share   VSACW   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☒

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

Item 1.01. Entry into a Material Definitive Agreement.

 

Amendment of Trust Agreement

 

On November 3, 2021, Vision Sensing Acquisition Corp., a Delaware corporation (the “Company”), consummated its initial public offering (the “Offering”). In connection therewith, the Company entered into an Investment Management Trust Agreement, dated November 1, 2021, as amended by Amendment No. 1 thereto dated May 1, 2023 and Amendment No. 2 thereto dated October 25, 2023, by and between the Company and Continental Stock Transfer & Trust Company, as trustee (“Continental”) (the “Trust Agreement”). A form of the Trust Agreement was initially filed as an exhibit to the Company’s Registration Statement on Form S-1 (File No. 333-259766) for the Offering.

 

On April 30, 2024, at 9:00 a.m. ET, the Company held a virtual annual meeting of its stockholders at https://www.cstproxy.com/visionsensing/2024, pursuant to due notice (the “2024 Annual Meeting”). At the 2024 Annual Meeting, Company stockholders entitled to vote at the meeting cast their votes and approved the Trust Amendment Proposal, pursuant to which the Trust Agreement was amended by Amendment No. 3 thereto (the “Trust Agreement Amendment”) to extend the date on which Continental must liquidate the Trust Account (the “Trust Account”) established in connection with the IPO if the Company has not completed its initial business combination, from May 3, 2024 to November 3, 2024 (or such earlier date after May 3, 2024, as determined by the VSAC Board).

 

The foregoing summary is qualified by the full text of the Trust Agreement Amendment, which is included as Exhibit 10.1 hereto and incorporated herein by reference.

 

Item 3.03. Material Modification to Rights of Security Holders.

 

Amendment of Certificate of Incorporation

 

As described in Item 5.03 below, at the 2024 Annual Meeting, the stockholders of the Company approved the Third Charter Amendment and the Fourth Charter Amendment to the Company’s existing Amended and Restated Certificate of Incorporation as previously amended by the First Amendment thereto and the Second Amendment thereto (the “Existing Charter”), and the Company subsequently filed the Third Charter Amendment and the Fourth Charter Amendment with the Secretary of State of the State of Delaware.

 

Item 5.03. Articles of Incorporation or Bylaws.

 

The Founder Share Amendment (Third Charter Amendment). The stockholders of the Company approved the Third Amendment (the “Third Charter Amendment”) to the Existing Charter at the 2024 Annual Meeting, to provide for the right of the holders of the Company’s Class B common stock, par value $0.0001 per share (the “Class B Common Stock” or “Founder Shares”) to convert such shares of Class B Common Stock into shares of the Company’s Class A common stock, par value $0.0001 per share (“Class A Common Stock” and together with the Class B Common Stock, the “Common Stock”) on a one-to-one basis at the election of such holders (the “Founder Share Amendment Proposal”).

 

The Extension Amendment (Fourth Charter Amendment). The stockholders of the Company also approved the Fourth Amendment (the “Fourth Charter Amendment”) to the Existing Charter at the 2024 Annual Meeting, giving the Company the right to extend the date by which the Company must (i) consummate a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination involving the Company and one or more businesses (a “business combination”), or else (ii) cease its operations if it fails to complete such business combination, and redeem or repurchase 100% of the Company’s Class A common stock included as part of the units sold in the Company’s initial public offering that was closed on November 3, 2021 (the “IPO”) from May 3, 2024 (the “Termination Date”) by up to six (6) one-month extensions to November 3, 2024 (the “Extension Amendment Proposal”).

 

Following receipt of stockholder approval of the Founder Share Amendment Proposal and the Extension Amendment Proposal, the Company filed the Third Charter Amendment and the Fourth Charter Amendment with the Secretary of State of the State of Delaware. The foregoing summary is qualified by the full texts of the Third Charter Amendment and the Fourth Charter Amendment, which are included as Exhibits 3.1 and 3.2 hereto and incorporated herein by reference.

 

2

 

Item 5.07. Submission of Matters to a Vote of Security Holders.

 

On April 30, 2024, at 9:00 a.m. ET, the Company held the 2024 Annual Meeting of its stockholders virtually at https://www.cstproxy.com/visionsensing/2024, pursuant to due notice. On the record date of April 9, 2024, the Company had 4,350,765 shares entitled to vote at the 2024 Annual Meeting. At the 2024 Annual Meeting, holders of the Company’s common stock (the “Stockholders”) voted on five of the six proposals presented, each as described in the proxy statement/prospectus dated April 15, 2024, and cast their votes as described below:

 

Proposal 1- Director Proposal

 

The Stockholders approved the Director Proposal to re-elect the Company’s chairman and chief executive officer, George Peter Sobek, as a director of the Company to serve until the third annual meeting of stockholders following the 2024 Annual Meeting or until his successor is elected and qualified. The following is a tabulation of the voting results:

 

Common Stock:

 

Votes For   Votes Against   Abstentions   Broker Non-Votes
3,715,712 (85.404%)   3,447 (0.079%)   0   N/A

 

Proposal 2 - Auditor Proposal

 

The Stockholders approved the Auditor Proposal to ratify the selection by the Audit Committee of the Company’s Board of Directors of Adeptus Partners, LLC to serve as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024. The following is a tabulation of the voting results:

 

Common Stock:

 

Votes For   Votes Against   Abstentions   Broker Non-Votes
3,715,712 (85.404%)   3,447 (0.079%)   0   N/A

 

Proposal 3- Founder Share Amendment Proposal

 

The Stockholders approved the Founder Shares Amendment Proposal, to provide for the right of the holders of the Company’s Class B Common Stock to convert such shares into shares of the Company’s Class A Common Stock on a one-to-one basis at the election of such holders. The following is a tabulation of the voting results:

 

Common Stock:

 

Votes For   Votes Against   Abstentions   Broker Non-Votes
3,715,712 (85.404%)   3,447 (0.079%)   0   N/A

 

Class B Common Stock:

 

Votes For   Votes Against   Abstentions   Broker Non-Votes
2,530,000 (100.0%)   0   0   N/A

 

3

 

Proposal 4- Extension Amendment Proposal

 

The Stockholders approved the Extension Amendment Proposal, giving the Company the right to extend the date by which the Company must (i) consummate a business combination, or else (ii) cease its operations if it fails to complete such business combination, and redeem or repurchase 100% of the Company’s Class A common stock included as part of the units sold in the Company’s IPO from the current Termination Date of May 3, 2024 by up to six (6) one-month extensions to November 3, 2024. The following is a tabulation of the voting results:

 

Common Stock:

 

Votes For   Votes Against   Abstentions   Broker Non-Votes
3,715,712 (85.404%)   3,447 (0.079%)   0   N/A

 

Proposal 5 - Trust Amendment Proposal

 

The Stockholders approved the Trust Amendment Proposal, pursuant to which the Company’s existing Trust Agreement with Continental was amended to extend the date on which Continental must liquidate the Trust Account established in connection with the IPO if the Company has not completed its initial business combination, from May 3, 2024 to November 3, 2024 (or such earlier date after May 3, 2024, as determined by the VSAC Board). The following is a tabulation of the voting results:

 

Common Stock:

 

Votes For   Votes Against   Abstentions   Broker Non-Votes
3,715,712 (85.404%)   3,447 (0.079%)   0   N/A

 

Proposal 6 – Adjournment Proposal

 

The sixth proposal to adjourn the Stockholder Meeting (the “Adjournment Proposal”), was not presented at the Stockholders Meeting since the Director Proposal, the Auditor Proposal, the Founder Share Conversion Proposal, the Extension Amendment Proposal and the Trust Amendment Proposal received sufficient favorable votes to be adopted.

 

Item 8.01 Other Events.

 

Redemption of Shares

 

In connection with the voting on the Extension Amendment Proposal and the Trust Amendment Proposal at the 2024 Annual Meeting, holders of 214,374 shares of the Company’s Class A Common Stock exercised their right to redeem those shares for cash at an approximate price of $11.53 per share for an aggregate amount of approximately $2.47 million. After such redemptions, there will be 1,133,691 publicly held shares of the Company’s Class A common stock outstanding, and the price for each monthly extension under the Fourth Charter Amendment will be $51,016.10.

 

Intention to Extend Deadline to Complete Business Combination to June 3, 2024

 

The Company notified Continental on April 30, 2024 that, in accordance with the Fourth Charter Amendment and the Trust Agreement Amendment, it intends to extend the date by which the Company must consummate its initial business combination from May 3, 2024, to June 3, 2024, and that its sponsor, Vision Sensing, LLC, intends to deposit into the Company’s trust account an aggregate of $51,016.10 by May 3, 2024 (the “Extension”). In connection with the Extension, the Company intends to issue to its sponsor a non-interest bearing, unsecured promissory note in the principal amount of $51,016.10 as consideration for the funding. This will be the first of up to six one-month extensions that the Company is authorized to obtain under the Fourth Charter Amendment.

 

4

 

Item 9.01. Exhibits.

 

Exhibit Number   Description
of Exhibit
3.1   Third Amendment to the Amended and Restated Certificate of Incorporation dated April 30, 2024.
3.2   Fourth Amendment to the Amended and Restated Certificate of Incorporation dated April 30, 2024.
10.1   Amendment No. 3 to Investment Management Trust Agreement dated April 30, 2024.
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

5

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  VISION SENSING ACQUISITION CORP.
     
Date: April 30, 2024 By: /s/ George Peter Sobek
    George Peter Sobek
    Chief Executive Officer

 

6

 

EX-3.1 2 ex3-1.htm

 

Exhibit 3.1

 

THIRD AMENDMENT TO THE

AMENDED AND RESTATED CERTIFICATE OF INCORPORATION OF

VISION SENSING ACQUISITION CORP.

 

VISION SENSING ACQUISITION CORP, a corporation (the “Corporation”) organized and existing under the General Corporation Law of the State of Delaware (the “DGCL”), does hereby certify:

 

1 The name of the Corporation is Vision Sensing Acquisition Corp. The Corporation’s Certificate of Incorporation was filed in the office of the Secretary of State of the State of Delaware pursuant to the DGCL on August 13, 2021 (the “Original Certificate”).
   
2. An Amended and Restated Certificate of Incorporation was filed in the office of the Secretary of State of the State of Delaware on October 29, 2021 (the “Amended and Restated Certificate of Incorporation”).
   
3. The First Amendment to the Amended and Restated Certificate of Incorporation was duly adopted on May 1, 2023, by the affirmative vote of the holders of 65% of the stock entitled to vote at a meeting of stockholders in accordance with the provisions of Section 242 of the DGCL.
   
4. The Second Amendment to the Amended and Restated Certificate of Incorporation was duly adopted on October 25, 2023 by the affirmative vote of the holders of 65% of the stock entitled to vote at a meeting of stockholders in accordance with the provisions of Section 242 of the DGCL.
   
5. This Third Amendment to the Amended and Restated Certificate of Incorporation was duly adopted by the affirmative vote of both (x) holders of a majority of the outstanding shares of common stock voting together as a single class and (y) holders of a majority of the outstanding shares Class B Common Stock voting as a separate class.
   
6. Section 4.3(b)(i) of the Original Certificate as previously amended is hereby deleted in its entirety and replaced with the following new Section 4.3(b)(i):

 

  (b) Class B Common Stock.

 

(i) Shares of Class B Common Stock shall be convertible into shares of Class A Common Stock on a one-for-one basis (the “Initial Conversion Ratio”) at the election of the holder of such Class B Common Stock at any time prior to the closing of the Business Combination or otherwise automatically on the closing of the Business Combination

 

7. This Amendment was duly adopted in accordance with the provisions of Section 242 of the DGCL by written consent of stockholders holding the requisite number of shares required by statute given in accordance with and pursuant to Section 228 of the DGCL.

 

Signature on following page.

 

 

 

IN WITNESS WHEREOF, Vision Sensing Acquisition Corp has caused this Third Amendment to the Amended and Restated Certificate to be duly executed in its name and on its behalf by an authorized officer as of this 30th day of April, 2024.

 

  VISION SENSING ACQUISITION CORP.
   
  By: /s/ George Peter Sobek
  Name: George Peter Sobek
  Title: Chief Executive Officer

 

 

 

EX-3.2 3 ex3-2.htm

 

Exhibit 3.2

 

FOURTH AMENDMENT TO THE

AMENDED AND RESTATED CERTIFICATE OF INCORPORATION OF

VISION SENSING ACQUISITION CORP.

 

VISION SENSING ACQUISITION CORP, a corporation (the “Corporation”) organized and existing under the General Corporation Law of the State of Delaware (the “DGCL”), does hereby certify:

 

1. The name of the Corporation is Vision Sensing Acquisition Corp. The Corporation’s Certificate of Incorporation was filed in the office of the Secretary of State of the State of Delaware pursuant to the DGCL on August 13, 2021 (the “Original Certificate”).
   
2. An Amended and Restated Certificate of Incorporation was filed in the office of the Secretary of State of the State of Delaware on October 29, 2021 (the “Amended and Restated Certificate of Incorporation”).
   
3. The First Amendment to the Amended and Restated Certificate of Incorporation was duly adopted on May 1, 2023, by the affirmative vote of the holders of 65% of the stock entitled to vote at a meeting of stockholders in accordance with the provisions of Section 242 of the DGCL.
   
4. The Second Amendment to the Amended and Restated Certificate of Incorporation was duly adopted on October 25, 2023 by the affirmative vote of the holders of 65% of the stock entitled to vote at a meeting of stockholders in accordance with the provisions of Section 242 of the DGCL.
   
5. The Third Amendment to the Amended and Restated Certificate of Incorporation was duly adopted on April 30, 2024 by the affirmative vote of both (x) holders of a majority of the outstanding shares of common stock voting together as a single class and (y) holders of a majority of the outstanding shares Class B Common Stock voting as a separate class.
   
6. This Fourth Amendment to the Amended and Restated Certificate of Incorporation was duly adopted by the affirmative vote of the holders of 65% of the stock entitled to vote at a meeting of stockholders in accordance with the provisions of Section 242 of the DGCL.
   
7. The text of Section 9.1(b)(ii) of Article IX is hereby amended and restated to read in its entirety as follows:

 

“(ii) the redemption of 100% of the Offering Shares (as defined below) if the Corporation is unable to complete its initial Business Combination by May 4, 2023 (or, if the Office of the Delaware Division of Corporations shall not be open for business (including for filing of corporate documents) on such date the next date upon which the Office of the Delaware Division of Corporations shall be open (or such a later date pursuant to the extension(s) set forth under Section 9.1(c), the “Deadline Date”) and”

 

8. The text of Section 9.1(c) of Article IX is hereby amended and restated to read in its entirety as follows:

 

“(c) In the event that the Corporation has not consummated an initial Business Combination by May 3, 2024, upon the Sponsor’s request, the Corporation may extend the period of time to consummate a Business Combination up to six times, each by an additional one month, for an aggregate of up to six additional months ending November 3, 2024, provided that (i) the Sponsor (or its affiliates or permitted designees) will deposit, by the Deadline Date in effect prior to such extension (or the first business day thereafter if such date is not a business day), into the Trust Account the lesser of (x) $60,000 or (y) $0.045 per share for each Offering Share outstanding as of the applicable Deadline Date for each such extension in exchange for a non-interest bearing, unsecured promissory note payable upon consummation of a Business Combination and (ii).in each case, that the procedures relating to any such extension, as set forth in the Trust Agreement, shall have been complied with. The gross proceeds from the issuance of such promissory note(s) shall be held in the Trust Account and used to fund the redemption of the Offering Shares in accordance with Section 9.2.

 

9.

This Amendment was duly adopted in accordance with the provisions of Section 242 of the DGCL by written consent of stockholders holding the requisite number of shares required by statute given in accordance with and pursuant to Section 228 of the DGCL.


 

 

 

IN WITNESS WHEREOF, Vision Sensing Acquisition Corp has caused this Second Amendment to the Amended and Restated Certificate to be duly executed in its name and on its behalf by an authorized officer as of this 30th day of April, 2024.

 

  VISION SENSING ACQUISITION CORP.
     
  By:  /s/ George Peter Sobek
  Name:  George Peter Sobek
  Title:  Chief Executive Officer

 

 

 

EX-10.1 4 ex10-1.htm

 

Exhibit 10.1

 

AMENDMENT NO. 3 TO INVESTMENT MANAGEMENT TRUST AGREEMENT

 

THIS AMENDMENT NO. 3 TO THE INVESTMENT MANAGEMENT TRUST AGREEMENT (this “Amendment”) is made as of April 30, 2024, by and between Vision Sensing Acquisition Corp., a Delaware corporation (the “Company”), and Continental Stock Transfer & Trust Company, a New York corporation (the “Trustee”). Capitalized terms contained in this Amendment, but not specifically defined in this Amendment, shall have the meanings ascribed to such terms in the Original Agreement (as defined below).

 

WHEREAS, on November 3, 2021, the Company consummated its initial public offering of units of the Company (the “Units”), each of which is composed of one share of Class A common stock of the Company, par value $0.0001 per share (the “Class A Common Stock”), and three quarters of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one share of Class A Common Stock of the Company (such initial public offering hereinafter referred to as the “Offering”);

 

WHEREAS, $102,718,000 of the gross proceeds of the Offering and sale of the private placement Units were delivered to the Trustee to be deposited and held in the segregated Trust Account located in the United States for the benefit of the Company and the holders of shares of Class A Common Stock included in the Units issued in the Offering pursuant to the Investment Management Trust Agreement made effective as of November 1, 2021, by and between the Company and the Trustee (as amended by Amendment No. 1 thereto dated May 1, 2023 and Amendment No. 2 thereto dated October 25, 2023, the “Original Agreement”);

 

WHEREAS, the Company has sought the approval of the holders of its Class A Common Stock and holders of its Class B Common Stock, par value $0.0001 per share (the “Class B Common Stock”), at a Special Meeting to: (i) extend the date before which the Company must complete a business combination from May 3, 2024 to November 3, 2024 (or such earlier date after May 3, 2024 as determined by the Company’s board of directors) (the “Extension Amendment”) and (ii) extend the date on which the Trustee must liquidate the Trust Account if the Company has not completed its initial business combination from May 3, 2024 to November 3, 2024 (or such earlier date after May 3, 2024 as determined by the Company’s board of directors) (the “Trust Amendment”);

 

WHEREAS, holders of 65% of the then issued and outstanding shares of Class A Common Stock and Class B Common Stock, voting together as a single class, approved the Extension Amendment, and the Trust Amendment; and

 

WHEREAS, the parties desire to amend the Original Agreement to, among other things, reflect amendments to the Original Agreement contemplated by the Trust Amendment.

 

NOW, THEREFORE, in consideration of the mutual agreements contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound hereby, the parties hereto agree as follows:

 

  1. Amendments to Trust Agreement.

 

(a) The third recital of the Original Agreement is hereby amended and restated to read in its entirety as follows:

 

WHEREAS, if a Business Combination (as defined herein) is not consummated by May 4, 2024, upon the request of the Company’s sponsor (the “Sponsor”), the Company may extend such period by up to six extensions with each extension being one month (each an “Extension”) for up to a maximum of six months in the aggregate for all of the Extensions, subject to the Sponsor or its affiliates or permitted designees depositing into the Trust Account no later than the last day of the previous Extension (or the first business day thereafter if such day is not a business day) (the “Applicable Deadline”) the lesser of (x) $60,000 or (y) $0.045 per share for each share of the Company’s Class A Common Stock that was included in the Units issued in the Offering and that remains outstanding as of the date of the end of the previous Extension, in exchange for which the Sponsor will receive a non-interest bearing, unsecured promissory note for each Extension payable upon consummation of a Business Combination; (b) Exhibit E to the Original Agreement is hereby deleted and replaced with the new Exhibit E attached to this Amendment.

 

 

 

 

  2. Miscellaneous Provisions.

 

(a) Successors. All the covenants and provisions of this Amendment by or for the benefit of the Company or the Trustee shall bind and inure to the benefit of their permitted respective successors and assigns.

 

(b) Severability. This Amendment shall be deemed severable, and the invalidity or unenforceability of any term or provision hereof shall not affect the validity or enforceability of this Amendment or of any other term or provision hereof. Furthermore, in lieu of any such invalid or unenforceable term or provision, the parties hereto intend that there shall be added as a part of this Amendment a provision as similar in terms to such invalid or unenforceable provision as may be possible and be valid and enforceable.

 

(c) Applicable Law. This Amendment shall be governed by and construed and enforced in accordance with the laws of the State of New York, without giving effect to conflicts of law principles that would result in the application of the substantive laws of another jurisdiction.

 

(d) Jurisdiction and Venue. The parties hereto consent to the jurisdiction and venue of any state or federal court located in the City of New York, State of New York, for purposes of resolving any disputes hereunder. AS TO ANY CLAIM, CROSS-CLAIM OR COUNTERCLAIM IN ANY WAY RELATING TO THIS AGREEMENT, EACH PARTY WAIVES THE RIGHT TO TRIAL BY JURY.

 

(e) Counterparts. This Amendment may be executed manually or electronically (such as by DocuSign®) in several original, PDF, photostatic, facsimile or other copy counterparts, each of which shall constitute an original, and together shall constitute but one instrument. A copy of this Amendment bearing the electronic signature or a PDF, facsimile, photostatic or other copy of the signature of a party hereto shall be as valid for all purposes as a copy of this Amendment bearing that party’s original manual signature.

 

(f) Effect of Headings. The section headings herein are for convenience only and are not part of this Amendment and shall not affect the interpretation thereof.

 

(g) Entire Agreement. The Original Agreement, as modified by this Amendment, constitutes the entire understanding of the parties and supersedes all prior agreements, understandings, arrangements, promises and commitments, whether written or oral, express or implied, relating to the subject matter hereof, and all such prior agreements, understandings, arrangements, promises and commitments are hereby canceled and terminated.

 

Signatures on following page.

 

 

 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the date first above written.

 

  CONTINENTAL STOCK TRANSFER AND TRUST COMPANY, as Trustee
     
  By: /s/ Francis Wolf
  Name: Francis Wolf
  Title: Vice President
     
  VISION SENSING ACQUISITION CORP.
     
  By: /s/ George Peter Sobek
  Name: George Peter Sobek
  Title: Chief Executive Officer

 

 

 

EXHIBIT E

 

[Letterhead of Company]

 

[Insert date]

 

Continental Stock Transfer & Trust Company

1 State Street, 30th Floor

New York, New York 10004

Attn: Francis Wolf and Celeste Gonzalez

 

Re: Trust Account No. xxxx[last four digits] Extension Letter

 

Ladies and Gentlemen:

 

Pursuant to Section 1(m) of the Investment Management Trust Agreement between Vision Sensing Acquisition Corp. (the “Company”) and Continental Stock Transfer & Trust Company, dated as of November 1, 2021, as amended by Amendment No. 1 thereto dated May 1, 2023, Amendment No. 2 thereto dated October 25, 2023 and Amendment No. 3 thereto dated April 30, 2024 (and as it may be subsequently amended, “Trust Agreement”), this is to advise you that the Company is extending the time available to consummate a Business Combination for an additional one (1) month, from [date] to [date] (the “Extension”).

 

This Extension Letter shall serve as the notice required with respect to the Extension prior to the Applicable Deadline. Capitalized words used herein and not otherwise defined shall have the meanings ascribed to them in the Trust Agreement.

 

In accordance with the terms of the Trust Agreement, we hereby authorize you to deposit $[insert applicable amount], which will be wired to you, into the Trust Account investments upon receipt.

 

This is the [_____] of up to six Extension Letters

 

  Very truly yours,
     
  Vision Sensing Acquisition Corp.
     
  By:  
  Name:  
  Title:  

 

cc: EF Hutton, Division of Benchmark Investments, LLC