Foresight (FRSX) shares have become significantly more investible in recent months with the company listing on Nasdaq on 15 June, publication of accounts in English and the company becoming self-financing with completion of a NIS43m ($11.7m) funding round. Indeed, with $17m in cash and an estimated c NIS158m ($45m) of its warrants deep in the money, we see the potential for FRSX to exercise its $11.3m options to increase its stake in RV to 45% and build a substantial cash cushion in the coming years if these are converted. In this note we launch our dollar-based US GAAP forecasts and review recent developments.

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