ACTELIS NETWORKS INC (ASNS): Nasdaq/NYSE listing notice — Nasdaq determines to delist Actelis Networks for equity rule non-compliance; hearing requested

ACTELIS NETWORKS INC

Received delist letter on March 27, 2024 for failing Nasdaq minimum $2.5M stockholders' equity requirement.
Company timely requested a hearing before Nasdaq Hearings Panel, staying delisting pending hearing and potential extension.
Company will present plan to regain compliance; no assurance Nasdaq will accept plan or that compliance will be regained.
Non-compliance originally disclosed Aug 25, 2023; compliance deadline Feb 21, 2024 was not met.

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 delisting notice notice regarding stockholders equity (rules 5550(b)).

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

Exact text from the filing

March 27, 2024, the Company received a delist determination letter (the “Delist Letter”) from the Staff advising the Company that the Staff had determined to delist the Company’s securities from Nasdaq due to its non-compliance with the Equity Rule unless the Company timely requests a hearing before the Nasdaq Hearings Panel (the “Panel”). The Company has since timely requested a hearing, which request served to stay any further action by Nasdaq at least pending the hearing before the Panel and the expiration of any extension the Panel may grant following the hearing. At a hearing, the Company

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Source: SEC EDGAR

accession 0001213900-24-029066

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