Rail Vision, an Israeli developer of camera-based railway safety solutions, raised $16 million by offering 3.8 million units at $4.13, the low end of the range of $4.13 to $5.87. Each unit consists of one share of common stock and one warrant, exercisable at the IPO price. The company offered 0.2 million more units than anticipated. It originally planned to offer 2.0 million units at a range of $8 to $10, before revising the terms earlier in March.
Because the company offered units with warrants attached, Rail Vision will be excluded from Renaissance Capital's 2022 IPO stats.
Rail Vision plans to list on the Nasdaq under the symbol RVSN. Aegis Capital Corp. acted as sole bookrunner on the deal.
