Business
Foresight Receives Nasdaq Notification Regarding Minimum Bid Requirements
Ness Ziona, Israel, March 28, 2025 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in 3D perception systems, announced today that on March 24, 2025, the Company received a written notice (the “Notice”) from the Nasdaq Stock Market LLC indicating that the Company was not in compliance with Nasdaq Listing Rule 5550(a)(2), as the Company’s closing bid price for its American Depositary Shares (“ADSs”) was below $1.00 per sha
About this update from Foresight Autonomous Holdings Ltd
[{"type":"image","alt":"Foresight Autonomous Holdings Ltd.","displaySize":"","headline":null,"caption":"Foresight Autonomous Holdings Ltd.","className":"","disableSlideshowImg":false,"size":{"original":{"width":282,"height":48,"url":"https://media.zenfs.com/en/globenewswire.com/ea5653a99fb528a0c76d0f13ddbc08f7"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/2JzR24HQGm9HHhTncyWo0Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTcxO2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/ea5653a99fb528a0c76d0f13ddbc08f7","width":282,"height":48}},"lazy":false},{"type":"text","content":"Ness Ziona, Israel, March 28, 2025 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in 3D perception systems, announced today that on March 24, 2025, the Company received a written notice (the “Notice”) from the Nasdaq Stock Market LLC indicating that the Company was not in compliance with Nasdaq Listing Rule 5550(a)(2), as the Company’s closing bid price for its American Depositary Shares (“ADSs”) was below $1.00 per share for the last 30 consecutive business days.","length":545,"tagName":"p"},{"type":"text","content":"Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has been granted a 180-calendar day compliance period, or until September 22, 2025, to regain compliance with the minimum bid price requirement. To regain compliance, the closing bid price of the Company’s ADSs must meet or exceed $1.00 per share for at least 10 consecutive business days during the 180-calendar day compliance period.","length":394,"tagName":"p"},{"type":"text","content":"If the Company is not in compliance by September 22, 2025, the Company may be afforded a second 180-calendar day compliance period. To qualify for this additional time, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for Nasdaq with the exception of the minimum bid price requirement and will need to provide written notice of its intention to cure the deficiency during the second compliance period. If the Company does not regain compliance within the allotted compliance period(s), including any extensions that may be granted by Nasdaq, Nasdaq will provide notice that the Company’s ADSs will be subject to delisting.","length":725,"tagName":"p"},{"type...