Rail Vision Ltd. is an early stage technology company seeking to improve railway safety.,Today’s pricing announcement was made for the initial public offering. It consisted of 3787 241 units, one common share and one warrant to buy one additional ordinary share. There is an initial exercise cost of $4.13. After deducting commissions, underwriting discounts and other expenses, the gross proceeds are estimated to reach $15.6 million. After satisfying customary closing conditions are satisfied, the offering should close by April 4, 2022.

Aegis Capital Corp. has also granted Aegis a 45-day option for Aegis to buy up to such amount of ordinary shares or warrants as it deems necessary to pay over-allotments if applicable. Per additional unit, the purchase price will equal the public offer price (less $0.01 to warrants) less the underwriting discount. A warrant can be purchased for $0.01. Additional proceeds are not possible if Aegis chooses to only purchase such warrants. Aegis can exercise the option to purchase ordinary shares in its entirety, and the gross proceeds from the offering will include overallotment. This excludes underwriting discounts, commissions and other expenses.

Under the symbol RVSN, ordinary shares, and warrants, they are scheduled to trade on The Nasdaq Kapital Market starting March 31, 2022.

Aegis Capital Corp. acts as sole book-running administrator for this offering.

An F-1 registration statement (No. The Securities and Exchange Commission (the SEC), declared this registration statement on Form F-1 effective as of March 30, 2022. Only a prospectus is used to make the offering. The final prospectus can be ordered, once it is available, via the SECs’ website. www.sec.govAlternatively, you can contact Aegis Capital Corp. at Attention: Syndicate Department 810 7th Avenue 18th Floor New York, NY 10019 or email us at syndicate@aegiscap.comOr, you can call (212) 813-1010 to speak with a representative.

This press release is not intended to be an offer to or solicitation of an offer for these securities. Nor shall it be a sale of them in any other state or jurisdiction where the offer, solicitation, or sale would violate any of the securities laws.

Rail Vision Ltd.

Rail Vision is an early stage technology company that aims to change the railway industry. This company is a leader in the development of cutting-edge artificial intelligence-based technology for railways. Rail Vision developed their railway detection systems and methods to reduce costs, save lives and improve efficiency for railway operators. Rail Vision is confident that their technology will dramatically increase safety on railways around the globe, as well as creating substantial benefits for everyone that relies upon the train ecosystem, from railway passengers to those who use trains to transport goods to businesses that use them to ship goods. Rail Vision believes its technology will make the concept of autonomous trains possible. Please visit www.autonomoustrains.com to find out more. https://www.railvision.io/

Forward-Looking Statements

Forward-looking statements are those that relate to the Private Securities Litigation Reform Act or other securities laws. These words, as well as variations thereof, such phrases, such it expects, anticipates. intends. plans. believes. seeks. estimates, and other similar expressions are all intended to identify forward looking statements. Forward-looking statements are used by the Company to discuss the anticipated gross proceeds or the close of the offering. Forward-looking statements don’t reflect actual facts. They are based on current management expectations, beliefs, projections and other assumptions, which are often inherently uncertain. All such expectations, beliefs, projections and assumptions are made with good faith. There is no guarantee that the management’s beliefs, expectations and projections will come to pass. Actual results could differ from those expressed or implied by forward-looking statements. Forward-looking statements can be affected by risks and uncertainties, which could lead to actual results or performance that differs materially from the statements. You can find more information about the Company’s risks and uncertainties in reports that are filed with the Securities and Exchange Commission. The Company’s reports filed from time to time with the Securities and Exchange Commission (SEC) include detailed descriptions of risks and uncertainties, including those described in preliminary prospectus (Registration No. These forward-looking statements reflect only the time they were made. Except as required by securities laws, the Company is not allowed to revise forward-looking statements in order to reflect future events, circumstances or other changes. It is possible that one or more forward looking statements are updated by the Company. However, it does not mean that other forward-looking statement will be made. This press release does not include any links or references to other websites. Rail Vision does not endorse the content of any third-party sites.

Contacts

Shahar Hania
Chief Executive Officer
Rail Vision Ltd.
15 Ha’Tidhar St
Ra’anana. Israel, 436517
Telephone: +972- 9-957-7706

Rail Vision Ltd.