Actelis Networks Inc. has announced that it received a notification from The Nasdaq Stock Market LLC on May 12, 2025, indicating non-compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2). This rule mandates that listed securities maintain a minimum bid price of $1.00 per share. Actelis Networks' common stock failed to meet this requirement for 30 consecutive business days, prompting the notification. The company has until November 10, 2025, to regain compliance by achieving a closing bid price of at least $1.00 per share for 10 consecutive business days. If unsuccessful, an additional 180-day period may be granted, provided certain criteria are met. Actelis Networks is considering options, including a reverse stock split, to address the deficiency and maintain its Nasdaq Capital Market listing.
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