# EDGAR Filing Document

**Accession Number:** 0001883983
**File Stem:** 0001493152-23-002878
**Filing Date:** 2023-1
**Character Count:** 34463
**Document Hash:** de069cc67f53e2153e4cd2be2867598a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-23-002878.hdr.sgml**: 20230130

**ACCESSION NUMBER**: 0001493152-23-002878

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 16

**CONFORMED PERIOD OF REPORT**: 20230129

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230130

**DATE AS OF CHANGE**: 20230130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VISION SENSING ACQUISITION CORP.
- **CENTRAL INDEX KEY:** 0001883983
- **STANDARD INDUSTRIAL CLASSIFICATION:** BLANK CHECKS [6770]
- **IRS NUMBER:** 872323481
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40983
- **FILM NUMBER:** 23566535

**BUSINESS ADDRESS:**
- **STREET 1:** 78 SW 7TH STREET SUITE 500
- **CITY:** MIAMI
- **STATE:** FL
- **ZIP:** 33130
- **BUSINESS PHONE:** 85298580029

**MAIL ADDRESS:**
- **STREET 1:** 78 SW 7TH STREET SUITE 500
- **CITY:** MIAMI
- **STATE:** FL
- **ZIP:** 33130

?xml version="1.0" encoding="utf-8"?

**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): **January 29, 2023**

**VISION SENSING ACQUISITION CORP.**

(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-40983** | **87-2323481** |
| (State or other jurisdiction<br> of incorporation) | (Commission<br> File Number) | (IRS Employer<br> Identification No.) |

---

**Suite 500, 78 SW 7th Street, Miami, FL 33130**

(Address of principal executive offices, including zip code)

Registrant's telephone number, including area code: **(783) 633-2520**

**Not Applicable**

(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))

---

| | | |
|:---|:---|:---|
| **Title of Each Class** | **Trading Symbol(s)** | **Name of Each Exchange** <br> **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 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.** |

---

As announced on August 30, 2022 and described in greater detail in a Current Report on Form 8-K filed by Vision Sensing Acquisition Corp, a Delaware corporation (the "**Company**"), with the Securities and Exchange Commission on September 6, 2022, the Company, Newsight Imaging Ltd., an Israeli company ("**Newsight**") and Newsight MergerSub, Inc., a Delaware corporation and wholly-owned subsidiary of Newsight **("Merger Sub**"), entered into a business combination agreement dated August 30, 2022 (as previously amended, the "**Original Business Combination Agreement**"), pursuant to which: (i) Merger Sub will merge into the Company resulting in the Company becoming a wholly-owned subsidiary of Newsight, (ii) Newsight will register as a publicly traded company, (iii) Newsight's existing shares will be split to facilitate a fully diluted value per Newsight share of US$10, (iv) the Company's common stock will be exchanged on a one-for-one basis for Newsight Ordinary Shares and (v) warrants to purchase the Company's common stock will instead become eligible to purchase the same number of Newsight Ordinary Shares at the same exercise price and for the same exercise period (such transactions, the "**Business Combination**").

On January 29, 2023, Company, Newsight and Merger Sub entered into a Second Amendment to Business Combination Agreement (the "**BCA Amendment**") to amend the Original Business Combination Agreement (as amended, the "**Business Combination Agreement**") to amend the definition of "Outside Date" in Section 10.1 in the Original Business Combination Agreement to change the Outside Date from February 3, 2023 to May 3, 2023. The amendment extends the Outside Date to match the new deadline for the Company under its organizational documents to complete its initial business combination. The foregoing description of the BCA Amendment is subject to and qualified in its entirety by reference to the full text of the BCA Amendment, a copy of which is attached as Exhibit 2.1.1 hereto.

---

| | |
|:---|:---|
| **Item 8.01.** | **Other Events.** |

---

On January 30, 2023, the Company issued a press release announcing that its sponsor, Vision Sensing, LLC, has requested an extension of the period of time the Company has to consummate its initial business combination by three months from February 3, 2023 until May 3, 2023 and has advised the Company that it will deposit an aggregate of $1,012,000 (representing $0.10 per public unit sold in the Company's initial public offering) into the Company's trust account by February 3, 2023, and the Company will issue its sponsor a non-interest bearing, unsecured promissory note in that amount. This extension extends the Company's deadline under its Certificate of Incorporation to complete the Business Combination to May 3, 2023.

A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

**Forward-Looking Statements**

This Current Report on Form 8-K (the "**Current Report**") is provided for informational purposes only and contains information with respect to a proposed business combination (the "**Proposed Business Combination**") among VSAC and Newsight. No representations or warranties, express or implied are given in, or in respect of, this Current Report. In addition, this Current Report does not purport to be all-inclusive or to contain all the information that may be required to make a full analysis of the Proposed Business Combination.

This Current Report contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. VSAC's and Newsight's actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "might" and "continues," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, VSAC's and Newsight's expectations with respect to future performance and anticipated financial impacts of the transactions (the "**Transactions**") contemplated by the Business Combination Agreement. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside of the control of VSAC or Newsight and are difficult to predict. Factors that may cause such differences include but are not limited to: (i) the expected timing and likelihood of completion of the Transactions, (ii) the occurrence of any event, change or other circumstances that could give rise to a failure of the conditions to or the termination of the Business Combination Agreement; (iii) the ability of Newsight to meet Nasdaq listing standards following the Transactions and in connection with the consummation thereof; (iv) the occurrence of a material adverse change with respect to the financial position, performance, operations or prospects of Newsight or VSAC; (v) failure to realize the anticipated benefits of the Proposed Business Combination or risk relating to the uncertainty of any prospective financial information of Newsight; (vi) the failure of Newsight to meet projected development and production targets; (vii) the possibility that the combined company may be adversely affected by other economic, business, and/or competitive factors, and (viii) other risks and uncertainties described herein and other reports and other public filings with the SEC by VSAC, including VSAC's Form 10-K for the year ended December 31, 2021 as filed with the SEC on March 31, 2022 (the "**10-K**"), and its Form 10-Q, as filed with the SEC on November 14, 2022 (the "**10-Q**"), or that Newsight has filed or intends to file with the SEC, including in the Registration Statement. The foregoing list of factors is not exclusive. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. There may be additional risks that neither VSAC nor Newsight presently know, or that VSAC and Newsight currently believe are immaterial, that could cause actual results to differ from those contained in the forward-looking statements. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. To the fullest extent permitted by law in no circumstances will Newsight, VSAC or any of their respective subsidiaries, interest holders, affiliates, representatives, partners, directors, officers, employees, advisers or agents be responsible or liable for any direct, indirect or consequential loss or loss of profit arising from the use of this Current Report, its contents, its omissions, reliance on the information contained within it, or on opinions communicated in relation thereto or otherwise arising in connection therewith. These forward-looking statements should not be relied upon as representing VSAC's and Newsight's assessments as of any date subsequent to the date of this Current Report. VSAC and Newsight undertake no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.

**Additional Information About the Proposed Business Combination and Where to Find It** 

In connection with the Proposed Business Combination, Newsight has filed relevant materials with the SEC, including an Amendment No. 1 to Registration Statement on Form F-4, which includes a preliminary proxy statement/prospectus of VSAC, and a prospectus for the registration of Newsight securities in connection with the Proposed Business Combination (the "**Registration Statement**"). The Registration Statement has not yet been declared effective. The parties urge its investors, shareholders, and other interested persons to read, when available, the preliminary proxy statement/prospectus and definitive proxy statement/prospectus, in each case when filed with the SEC and documents incorporated by reference therein because these documents will contain important information about VSAC, Newsight and the Proposed Business Combination. After the Registration Statement is declared effective by the SEC, the definitive proxy statement/prospectus and other relevant documents will be mailed to the shareholders of VSAC as of the record date in the future to be established for voting on the Proposed Business Combination and will contain important information about the Proposed Business Combination and related matters. Shareholders of VSAC and other interested persons are advised to read, when available, these materials (including any amendments or supplements thereto) because they will contain important information about VSAC, Newsight and the Proposed Business Combination. Shareholders and other interested persons will also be able to obtain copies of the preliminary proxy statement/prospectus, the definitive proxy statement/prospectus, and other relevant materials in connection with the Proposed Business Combination, without charge, once available, at the SEC's website at www.sec.gov or by directing a request to: VSAC Acquisition Corp., Attention: Garry Stein, telephone: +852 9858 0029. The information contained on, or that may be accessed through, the websites or links referenced in this Current Report in each case is not incorporated by reference into, and is not a part of, this Current Report.

**Participants in the Solicitation**

VSAC, Newsight and their respective directors and executive officers may be deemed participants in the solicitation of proxies from VSAC's shareholders in connection with the Proposed Business Combination. VSAC's shareholders and other interested persons may obtain, without charge, more detailed information regarding the directors and officers of VSAC, or persons who may under SEC rules be deemed in the solicitation of proxies to VSAC's shareholders in connection with the Proposed Business Combination, in the Registration Statement or in VSAC's Form 10-K or its Form 10-Q. Additional information regarding the interests of such persons are likewise included in that Registration Statement. You may obtain free copies of these documents as described above.

**Non-Solicitation**

This Current Report is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the Proposed Business Combination and shall not constitute an offer to sell or a solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended, or an exemption therefrom.

---

| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits.** |

---

(d) Exhibits

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 2.1.1 | [Second Amendment to Business Combination Agreement, dated as of January 29, 2023, by and among Vision Sensing Acquisition Corp., and Newsight Imaging Ltd.](ex2-1_1.htm) |
| 99.1 | [Press Release dated January 30, 2023](ex99-1.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

**SIGNATURE**

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

---

| | | |
|:---|:---|:---|
|  | **VISION SENSING ACQUISITION CORP.** | **VISION SENSING ACQUISITION CORP.** |
|  | By: | */z/ George Sobek* |
|  | Name: | George Sobek |
|  | Title: | Chairman & Chief Executive Officer |
| Dated: January 30, 2023 |  |  |

---

## Exhibit 2.1

**Exhibit 2.1.1**

**AMENDMENT NO. 2 TO** 

**BUSINESS COMBINATION AGREEMENT**

This Amendment No. 2 to Business Combination Agreement (this "***Amendment***") is made and entered into as of **January 29, 2023** by and among (i) Newsight Imaging Ltd., an Israeli company (the "***Company***"), (ii) Newsight MergerSub, Inc., a Delaware corporation and wholly-owned subsidiary of the Company ("***Merger Sub***"), and (iii) Vision Sensing Acquisition Corp., a Delaware corporation ("***VSAC***"). The Company, Merger Sub and VSAC are each sometimes referred to herein individually as a "***Party***" and, collectively, as the "***Parties***."

**WHEREAS**, the Company, Merger Sub and VSAC are parties to that certain Business Combination Agreement dated as of August 30, 2022 and that certain Amendment No. 1 to Business Combination Agreement dated as of January 19, 2023 (collectively, the "***Original Agreement***"), and the Company, Merger Sub and VSAC desire to amend the Original Agreement as set forth below;

**NOW THEREFORE**, in consideration of the foregoing and the respective representations, warranties, covenants and agreements set forth in this Agreement and intending to be legally bound hereby, the Company, Merger Sub and VSAC agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Definitions</u>.
 Capitalized terms used in this Amendment and not otherwise defined in this Amendment have
 the meanings ascribed to such terms in the Original Agreement. From and after the date of
 the Amendment, references to the Agreement shall mean the Original Agreement as amended by
 this Amendment.

&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Amendment to Definition of "Outside Date"</u>. The definition of Outside Date set forth
 in Section 10.1 of the Original Agreement is hereby deleted and replaced in its entirety
 with the following new definition:

"***Outside Date***" means May 3, 2023.

&nbsp;&nbsp;&nbsp;&nbsp;3. <u>No other Amendments</u>. The Original Agreement remains in full force and effect and is unamended
 except as explicitly set forth in this Amendment.

&nbsp;&nbsp;&nbsp;&nbsp;4. <u>Governing Law</u>. This Amendment shall be deemed to have been executed and to be performed within
 the State of New York, and all claims or causes of action based upon, arising out of, or
 related to this Amendment or the transactions contemplated hereby, shall be governed by,
 and construed in accordance with, the Laws of the State of New York, without giving effect
 to principles or rules of conflict of Laws to the extent such principles or rules would require
 or permit the application of Laws of another jurisdiction.

&nbsp;&nbsp;&nbsp;&nbsp;5. <u>Counterparts; Electronic Execution</u>. This Amendment may be executed in two or more counterparts, each
 of which shall be deemed an original, but all of which together shall constitute one and
 the same instrument. The words "execution," "execute," "signed,"
 "signature," and words of like import in or related to this Amendment (including,
 without limitation, any related amendments, waivers and consents) shall be deemed to include
 electronic signatures, the electronic matching of assignment terms and contract formations
 on electronic platforms complying with applicable Law, or the keeping of records in electronic
 form, each of which shall be of the same legal effect, validity or enforceability as a manually
 executed signature or the use of a paper-based recordkeeping system, as the case may be,
 to the extent and as provided for in any applicable law, including the Federal Electronic
 Signatures in Global and National Commerce Act, the Delaware Uniform Electronic Transactions
 Act, the New York State Electronic Signatures and Records Act, or any other similar state
 laws based on the Uniform Electronic Transactions Act.

**Signatures on following page.**

IN WITNESS WHEREOF, each Party hereto has caused this Amendment to be signed and delivered by its respective duly authorized officer as of the date first written above.

 

---

| | |
|:---|:---|
| *<u>VSAC:</u>* | *<u>VSAC:</u>* |
| **VISION SENSING ACQUISITION CORP.** | **VISION SENSING ACQUISITION CORP.** |
| By: | */s/ George Sobek* |
| Name: | George Sobek |
| Title: | Chief Executive Officer |

---

 

---

| | |
|:---|:---|
| *<u>The Company:</u>* | *<u>The Company:</u>* |
| **NEWSIGHT IMAGING LTD.** | **NEWSIGHT IMAGING LTD.** |
| By: | */s/ Eli Assoolin* |
| Name: | Eli Assoolin |
| Title: | Chief Executive Officer |

---

 

---

| | |
|:---|:---|
| *<u>Merger Sub</u>*: | *<u>Merger Sub</u>*: |
| **NEWSIGHT MERGERSUB, INC.** | **NEWSIGHT MERGERSUB, INC.** |
| By: | */s/ Eli Assoolin* |
| Name: | Eli Assoolin |
| Title: | Chief Executive Officer |

---

*Signature page to Amendment No. 2 to*

*Newsight-VSAC Business Combination Agreement*

## Exhibit 99.1

**Exhibit 99.1**

![](ex99-1_001.jpg)

**Vision Sensing Acquisition Corp. Announces Funding to Extend Period to Consummate Initial Business Combination** 

**Miami, FL – Monday, January 30, 2023** — Vision Sensing Acquisition Corp. (NASDAQ: VSACU, VSAC, VSACW) (the "**Company**") a special purpose acquisition company, today announced that its sponsor, Vision Sensing, LLC, has requested an extension of the period of time the Company has to consummate its initial business combination by three months from February 3, 2023 until May 3, 2023 and has advised the Company that it will deposit an aggregate of $1,012,000 (representing $0.10 per public unit sold in the Company's initial public offering) into the Company's trust account by February 3, 2023, and the Company will issue its sponsor a non-interest bearing, unsecured promissory note in that amount.

As previously announced on August 30, 2022 and described in greater detail in a Current Report on Form 8-K filed by Vision Sensing Acquisition Corp, a Delaware corporation (the "**Company**"), with the Securities and Exchange Commission (the "**SEC**") on September 6, 2022, the Company, Newsight Imaging Ltd., an Israeli company ("**Newsight**"), and Newsight MergerSub, Inc., a Delaware corporation and wholly-owned subsidiary of Newsight ("**Merger Sub**"), entered into a business combination agreement dated August 30, 2022 (as may be amended and/or restated from time to time, the "**Original Business Combination Agreement**"), pursuant to which: (i) Merger Sub will merge into the Company resulting in the Company becoming a wholly-owned subsidiary of Newsight, (ii) Newsight will register as a publicly traded company, (iii) Newsight's existing shares will be split to facilitate a fully diluted value per Newsight share of US$10.00, (iv) the Company's common stock will be exchanged on a one-for-one basis for Newsight Ordinary Shares and (v) warrants to purchase the Company's common stock will instead become eligible to purchase the same number of Newsight Ordinary Shares at the same exercise price and for the same exercise period (such transactions, the "**Business Combination**").

On January 29, 2023, Company, Newsight and Merger Sub entered into a Second Amendment to Business Combination Agreement (the "**BCA Amendment**") to amend the Original Business Combination Agreement (as amended by the BCA Amendment, the "**Business Combination Agreement**") to amend the definition of "Outside Date" in Section 10.1 in the Original Business Combination Agreement to change the Outside Date from February 3, 2023 to May 3, 2023. This amendment extends the Outside Date to match the deadline under the Company's certificate of incorporation for the Company to complete its initial business combination.

**About Newsight Imaging**

Newsight Imaging develops advanced CMOS image sensor chips for 3D machine vision and spectral analysis. Newsight's depth camera sensors for machine vision serve verticals such as Mobile & Metaverse, Robotics, Industry 4.0 and Automotive Safety. The Company recently launched its innovative solid-state LiDAR reference design, the eTOF™ LiDAR, based on the NSI1000 sensor. In addition, Newsight has developed its spectral chip backed by AI technology that has multiple uses in rapid pathogen detection and in continuous, condition-based monitoring of fluid flows, including water quality. Newsight's Virusight subsidiary's SpectraLIT™ offers a targeted and cost-effective solution for remote healthcare, real time diagnosis, and quality inspection solutions for water and food & beverage, including COVID detection under certain circumstances in less than 20 seconds with 96% accuracy. Newsight's Watersight subsidiary's AquaRing provides real-time, AI-based monitoring of flow systems or processes, including installations for water quality monitoring, The Company has US and EU patents and has received multiple grants by the Israeli Innovation Authority. For more information visit www.newsight.com.

On August 30, 2022, Newsight Imaging announced that it has entered into a definitive agreement to become publicly listed through a merger transaction with Vision Sensing Acquisition Corp. (Nasdaq: VSAC), a publicly traded special purpose acquisition company. The transaction is expected to close as early as the first quarter of 2023, at which point the combined company's common stock is expected to trade on the Nasdaq Capital Market under the ticker symbol "NSIM".

**About Vision Sensing Acquisition Corp.**

Vision Sensing Acquisition Corp. ("**VSAC**") is a Special Purpose Acquisition Company ("**SPAC**") that has been established to focus on the acquisition of vision sensing technologies ("**VST**") including hardware solutions (chips / modules / systems), related application software, artificial intelligence and other peripheral technologies that assist to integrate and/or supplement VST applications. For more information visit www.vision-sensing.com.

**Forward-Looking Statements**

This press release is provided for informational purposes only and contains information with respect to a proposed business combination (the "**Proposed Business Combination**") among VSAC and Newsight. No representations or warranties, express or implied are given in, or in respect of, this press release. In addition, this press release does not purport to be all-inclusive or to contain all the information that may be required to make a full analysis of the Proposed Business Combination.

This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. VSAC's and Newsight's actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "might" and "continues," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, VSAC's and Newsight's expectations with respect to future performance and anticipated financial impacts of the transactions (the "**Transactions**") contemplated by the Business Combination Agreement. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside of the control of VSAC or Newsight and are difficult to predict. Factors that may cause such differences include but are not limited to: (i) the expected timing and likelihood of completion of the Transactions, (ii) the occurrence of any event, change or other circumstances that could give rise to a failure of the conditions to or the termination of the Business Combination Agreement; (iii) the ability of Newsight to meet Nasdaq listing standards following the Transactions and in connection with the consummation thereof; (iv) the occurrence of a material adverse change with respect to the financial position, performance, operations or prospects of Newsight or VSAC; (v) failure to realize the anticipated benefits of the Proposed Business Combination or risk relating to the uncertainty of any prospective financial information of Newsight; (vi) the failure of Newsight to meet projected development and production targets; (vii) the possibility that the combined company may be adversely affected by other economic, business, and/or competitive factors, and (viii) other risks and uncertainties described herein and other reports and other public filings with the SEC by VSAC, including VSAC's Form 10-K for the year ended December 31, 2021 as filed with the SEC on March 31, 2022 (the "**10-K**"), and its Form 10-Q, as filed with the SEC on November 14, 2022 (the "**10-Q**"), or that Newsight has filed or intends to file with the SEC, including in the Registration Statement. The foregoing list of factors is not exclusive. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. There may be additional risks that neither VSAC nor Newsight presently know, or that VSAC and Newsight currently believe are immaterial, that could cause actual results to differ from those contained in the forward-looking statements. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. To the fullest extent permitted by law in no circumstances will Newsight, VSAC or any of their respective subsidiaries, interest holders, affiliates, representatives, partners, directors, officers, employees, advisers or agents be responsible or liable for any direct, indirect or consequential loss or loss of profit arising from the use of this press release, its contents, its omissions, reliance on the information contained within it, or on opinions communicated in relation thereto or otherwise arising in connection therewith. These forward-looking statements should not be relied upon as representing VSAC's and Newsight's assessments as of any date subsequent to the date of this press release. VSAC and Newsight undertake no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.

**Additional Information About the Proposed Business Combination and Where to Find It** 

In connection with the Proposed Business Combination, Newsight has filed relevant materials with the SEC, including an Amendment No. 1 to Registration Statement on Form F-4, which includes a preliminary proxy statement/prospectus of VSAC, and a prospectus for the registration of Newsight securities in connection with the Proposed Business Combination (the "**Registration Statement**"). The Registration Statement has not yet been declared effective. The parties urge its investors, shareholders, and other interested persons to read, when available, the preliminary proxy statement/prospectus and definitive proxy statement/prospectus, in each case when filed with the SEC and documents incorporated by reference therein because these documents will contain important information about VSAC, Newsight and the Proposed Business Combination. After the Registration Statement is declared effective by the SEC, the definitive proxy statement/prospectus and other relevant documents will be mailed to the shareholders of VSAC as of the record date in the future to be established for voting on the Proposed Business Combination and will contain important information about the Proposed Business Combination and related matters. Shareholders of VSAC and other interested persons are advised to read, when available, these materials (including any amendments or supplements thereto) because they will contain important information about VSAC, Newsight and the Proposed Business Combination. Shareholders and other interested persons will also be able to obtain copies of the preliminary proxy statement/prospectus, the definitive proxy statement/prospectus, and other relevant materials in connection with the Proposed Business Combination, without charge, once available, at the SEC's website at www.sec.gov or by directing a request to: VSAC Acquisition Corp., Attention: Garry Stein, telephone: +852 9858 0029. The information contained on, or that may be accessed through, the websites or links referenced in this press release in each case is not incorporated by reference into, and is not a part of, this press release.

**Participants in the Solicitation**

VSAC, Newsight and their respective directors and executive officers may be deemed participants in the solicitation of proxies from VSAC's shareholders in connection with the Proposed Business Combination. VSAC's shareholders and other interested persons may obtain, without charge, more detailed information regarding the directors and officers of VSAC, or persons who may under SEC rules be deemed in the solicitation of proxies to VSAC's shareholders in connection with the Proposed Business Combination, in the Registration Statement or in VSAC's Form 10-K or its Form 10-Q. Additional information regarding the interests of such persons are likewise included in that Registration Statement. You may obtain free copies of these documents as described above.

**Non-Solicitation**

This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the Proposed Business Combination and shall not constitute an offer to sell or a solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended, or an exemption therefrom.

**Investor Relations Contact:**

Chris Tyson

MZ North America

VSAC@mzgroup.us

949-491-8235

**Newsight Imaging Contact:**

info@newsight.com