Foresight Autonomous Receives Nasdaq Non-Compliance Notice For ADSs Trading Below $1; Granted 180-Day Period To Regain Compliance By March 2025
Portfolio Pulse from Benzinga Newsdesk
Foresight Autonomous Holdings Ltd. has received a non-compliance notice from Nasdaq because its American Depositary Shares (ADSs) have been trading below $1. The company has been given a 180-day period to regain compliance, with a deadline set for March 2025.
September 06, 2024 | 8:06 pm
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Foresight Autonomous has been notified by Nasdaq for non-compliance due to its ADSs trading below $1. The company has 180 days to address this issue and regain compliance by March 2025.
The non-compliance notice from Nasdaq is significant as it could lead to delisting if not addressed. This creates a negative sentiment around FRSX, potentially impacting its stock price negatively in the short term. The company has a 180-day window to rectify the situation, which adds pressure.
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