Foresight Signed a Non-Binding Term Sheet to Acquire 50.01% in a 270MW Capacity European Data Center Development Company
Foresight Autonomous (FRSX) signed a non-binding term sheet to acquire a 50.01% controlling interest in a company developing data centers in Warsaw and Wroclaw, Poland, with combined planned capacity of up to 270 MW. The purchase price will be set by an independent valuation, financed in full through a seller loan; Foresight would also contribute roughly $1 million at closing and commit up to $2.5 million in additional shareholder loans, funded via a convertible loan facility of up to $3.5 million.
Key figures
- Deal Value Usd
- 0
- Acquired stake
- 50.01%
- Warsaw capacity mw
- 130
- Planned capacity mw
- 270
- Wroclaw capacity mw
- 140
- Convertible loan facility usd
- 3500000
- Additional shareholder loans usd
- 2500000
- Estimated closing contribution usd
- 1000000
- Poland colocation capacity 2026 mw
- 29
- Poland colocation capacity 2031 mw
- 511
- Data centers company project interest
- 66.67%
AI analysis
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