The Company intends to monitor the closing bid price of its ADSs between now and November 21, 2022, and intends to consider available options to cure the deficiency and regain compliance with the minimum bid price requirement within the compliance period. If the Company does not regain compliance within the allotted compliance period(s), including any extensions that may be granted by Nasdaq, Nasdaq will provide notice that the Company’s ADSs will be subject to delisting. To qualify for this additional time, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for Nasdaq with the exception of the minimum bid price requirement, and will need to provide written notice of its intention to cure the deficiency during the second compliance period. If the Company is not in compliance by November 21, 2022, the Company may be afforded a second 180-calendar day compliance period. To regain compliance, the closing bid price of the Company’s ADSs must meet or exceed $1.00 per share for at least 10 consecutive business days during the 180-calendar day compliance period. Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has been granted a 180-calendar day compliance period, or until November 21, 2022, to regain compliance with the minimum bid price requirement. Get the latest Foresight Autonomous Holdings ADR (FRSX) real-time quote, historical performance, charts, and other financial information to help you make. announced that on May 23, 2022, the Company received a written notice (the “Notice”) from the Nasdaq Stock Market LLC indicating that the Company was not in compliance with Nasdaq Listing Rule 5550(a)(2), as the Company’s closing bid price for its American Depositary Shares (“ADSs”) was below $1.00 per share for the last 30 consecutive business days. Jun 21įoresight Receives Nasdaq Notification Regarding Minimum Bid Requirementsįoresight Autonomous Holdings Ltd. Ness Ziona Israel Agenda: To consider the reappointment of Brightman Almagor Zohar, Certified Public Accountants (Deloitte Israel), as the Company's independent auditor for the year ending December 31, 2022, and until the next annual general meeting of the shareholders of the Company, and authorization of the Board of Directors to determine their remuneration to consider the reappointment of four members of the Company's Board of Directors to consider the approval of a Directors and Officers (D&O) liability insurance policy, and to set a framework for terms for the purchase of future D&O, Run-Off and public offering of securities, insurance policies to consider the grant of options and to consider the Company's financial statements and annual report for the year ended December 31, 2021. Foresight Autonomous Holdings Ltd., Annual General Meeting, Oct 20, 2022įoresight Autonomous Holdings Ltd., Annual General Meeting, Oct 20, 2022, at 15:00 Arab Standard Time.

Foresight autonomous stock