Foresight Autonomous signs term sheet to buy 50.01% stake in Polish data center developer
FRSX•Foresight Autonomous entered a non-binding term sheet to acquire 50.01% of a Polish data center developer. The target holds 66.67% stakes in two projects with planned combined capacity of up to 270 MW.
1. Proposed acquisition
The purchase price will be set through an independent valuation, with the consideration financed entirely by a seller loan. At closing, Foresight expects to contribute about $1 million and then provide up to $2.5 million in additional shareholder loans. The deal remains subject to due diligence, definitive documentation, valuation, agreement on the transaction structure and required approvals.
