Foresight Autonomous to Take Controlling 50.01% Stake in Polish Data Center Platform

Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) announced on October 13, 2026, from Ness Ziona, Israel, via GlobeNewswire, that it has signed a non-binding term sheet for the proposed purchase of a 50.01% controlling interest in a company, referred to in the announcement as the Data Centers Company, which is advancing two data center development projects in Poland. The two projects, located in Warsaw and Wroclaw, carry a combined planned capacity of up to 270 megawatts.

Warsaw and Wroclaw Sites Anchor the Proposed Acquisition

The Warsaw project, situated in Ożarów, covers approximately 3.2 hectares of secured land with an additional 2.2-hectare option. A grid connection application has been submitted for the site, and the final permit is currently expected by the end of 2027. The Wroclaw project spans approximately 10 hectares; its feasibility study has been completed, and land is currently under negotiation. The Warsaw site has a planned power capacity of 130 megawatts, while the Wroclaw site is planned for up to 140 megawatts.

How the Deal Would Be Financed

The purchase price for the 50.01% stake will be set by an independent valuation prepared by a mutually agreed valuation firm before definitive agreements are executed, with the consideration financed in full through a seller loan.

At closing, Foresight expects to contribute an amount estimated at approximately USD 1 million as its pro rata share of the Data Centers Company's outstanding shareholder loans, and would commit to provide additional shareholder loans of up to USD 2.5 million to advance the two projects. To fund these obligations, the Data Centers Company's current shareholders, or anyone on their behalf, shall provide Foresight with a convertible loan facility of up to USD 3,500,000, provided from time to time and subject to an agreed budget, business plan and project milestones, with terms to be set out in a separate agreement.

Ownership Structure and Local Partners

The Data Centers Company is expected to hold a 66.67% interest in each of the two Polish project companies developing the Warsaw and Wroclaw sites, two of the biggest and growing cities in Poland. The remaining 33.33% in both projects will be held by Polish development entrepreneurs described as engineering experts leading national grid connection processes, techno-economic analysis and regulatory matters, and who lead the securing of grid connection terms for projects totaling several gigawatts.

A Growing Central European Data Center Market

The announcement cites figures from the European Data Centre Association under which Poland's colocation capacity is forecast to grow from approximately 29 megawatts in 2026 to 511 megawatts by 2031. Foresight states that this underscores the country's position as a growing data center market in Central and Eastern Europe.

Strategic Rationale From the Chief Executive

Chief Executive Officer Haim Siboni noted that Foresight has previously announced it has been evaluating opportunities to expand into new technology markets and identify additional areas for growth beyond its existing activities, including data centers.

He described the proposed transaction as a natural extension of this strategy, offering Foresight the opportunity to establish a controlling interest in a platform advancing two data center projects in Poland. Siboni also emphasized that the company continues to advance its proprietary technologies and expand their applications, including the recently announced development of full autonomous driving solutions for Unmanned Ground and Aerial Vehicles.

Conditions Precedent and the Non-Binding Nature of the Term Sheet

The proposed transaction remains subject to completion of Foresight's due diligence, an independent valuation, agreement on definitive transaction documents and transaction structure, and receipt of required corporate, regulatory, stock exchange, governmental, financing, and third-party approvals. Because the term sheet is explicitly non-binding, the announcement provides no certainty of closing.

Background on Foresight Autonomous Holdings

Foresight Autonomous Holdings Ltd. is a technology company developing advanced three-dimensional (3D) perception systems and cellular-based applications. Through its wholly owned subsidiaries Foresight Automotive Ltd., Foresight Changzhou Automotive Ltd., and Eye-Net Mobile Ltd., the company develops both "in-line-of-sight" vision systems and "beyond-line-of-sight" accident-prevention solutions. Its 3D perception systems include modules of automatic calibration and dense 3D point cloud applicable to markets such as automotive, defense, autonomous driving, agriculture, heavy industrial equipment, and unmanned aerial vehicles.

Eye-Net Mobile develops next-generation vehicle-to-everything collision prevention solutions and smart automotive systems to enhance road safety and situational awareness for all road users in urban mobility environments. Leveraging artificial intelligence technology, advanced analytics, and existing cellular networks, Eye-Net's solution suite delivers real-time pre-collision alerts via smartphones and other smart devices within vehicles. If completed, the proposed acquisition would represent a significant diversification for the Nasdaq- and TASE-listed company, whose core business to date has centered on perception and road-safety technologies rather than digital infrastructure development.