ACTELIS NETWORKS INC (ASNS): Nasdaq/NYSE listing notice — Actelis Networks receives Nasdaq minimum bid price deficiency notice

ACTELIS NETWORKS INC

Closing bid price below $1.00 for 30 consecutive business days; notified Nov 3, 2022.
Has 180 calendar days, until May 2, 2023, to regain compliance.
To cure, stock must close at $1.00+ for 10 consecutive business days.
May consider a reverse stock split; trading continues under ASNS.
If not compliant by May 2, 2023, may be eligible for additional 180-day grace period.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

ACTELIS NETWORKS INC received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2), 5810(c)(3)(A)

Exact text from the filing

November 3, 2022, Actelis Networks, Inc. (the “Company”) was notified (the “Notification Letter”) by the Nasdaq Listing Qualifications (“Nasdaq”) that it is not in compliance with the minimum bid price requirements set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Capital Market. Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of $1.00 per share, and Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business

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Source: SEC EDGAR

accession 0001213900-22-069412

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