ACTELIS NETWORKS INC (ASNS): Nasdaq/NYSE listing notice — Actelis Networks receives Nasdaq deficiency notice for equity below $2.5M minimum

ACTELIS NETWORKS INC

Nasdaq notified Actelis that shareholders' equity for Q2 2023 fell below the required $2.5 million minimum.
Company has 45 days to submit a compliance plan; if accepted, Nasdaq may grant up to 180 days to cure.
No immediate effect on listing; Actelis intends to timely submit a compliance plan.
Non-compliance with Listing Rule 5550(b)(1) triggers potential delisting risk if not resolved.

item 3.01

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 noncompliance notice notice regarding stockholders equity (rules 5550(b)(1)).

Exchange: nasdaq
Notice: noncompliance notice
Deficiency: stockholders equity
Rules: 5550(b)(1)

Exact text from the filing

August 25, 2023, Actelis Networks, Inc. (the "Company") received a notification letter (the "Notice") from The Nasdaq Stock Market LLC (the "Nasdaq") indicating that the Company was not in compliance with Nasdaq's Listing Rule 5550(b)(1) because the Company's shareholders' equity for the quarter ended June 30, 2023 (the "Quarter"), as reported in the Company's Form 10-Q for the Quarter, was below the minimum shareholders' equity requirement of $2,500,000 (the "Shareholders' Equity Requirement"). The Notice had no immediate effect on the Company's continued listing on Nasdaq, subject to the Com

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Source: SEC EDGAR

accession 0001213900-23-072847

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