Foresight Autonomous Holdings Gets Nasdaq Bid Price Warning
Ticker: FRSX · Form: 6-K · Filed: Sep 6, 2024 · CIK: 1691221
Sentiment: bearish
Topics: delisting-risk, compliance, nasdaq
TL;DR
Nasdaq says Foresight's stock price is too low, needs to fix it by March 5, 2025, or get booted.
AI Summary
Foresight Autonomous Holdings Ltd. received a notification from Nasdaq on September 6, 2024, stating that the company's stock has not met the minimum bid price requirement of $1.00 per share. The company has a compliance period of 180 calendar days, until March 5, 2025, to regain compliance.
Why It Matters
Failure to meet the minimum bid price could lead to delisting from the Nasdaq Capital Market, impacting the company's liquidity and investor confidence.
Risk Assessment
Risk Level: medium — The company faces a delisting risk if it cannot raise its stock price above $1.00 within the specified timeframe.
Key Numbers
- $1.00 — Minimum Bid Price (Requirement to remain listed on Nasdaq)
- 180 days — Compliance Period (Timeframe to regain compliance with minimum bid price)
Key Players & Entities
- Foresight Autonomous Holdings Ltd. (company) — Registrant
- Nasdaq (company) — Exchange
- September 6, 2024 (date) — Notification date
- $1.00 (dollar_amount) — Minimum bid price requirement
- March 5, 2025 (date) — Compliance deadline
FAQ
What is the specific reason for the Nasdaq notification?
The company's stock has not met the minimum bid price requirement of $1.00 per share.
What is the deadline for Foresight Autonomous Holdings Ltd. to regain compliance?
The company has until March 5, 2025, which is 180 calendar days from the notification date of September 6, 2024.
What are the potential consequences if the company fails to regain compliance?
The company risks delisting from the Nasdaq Capital Market.
Has Foresight Autonomous Holdings Ltd. provided any specific plan to address the bid price issue?
This filing does not detail a specific plan, only the notification received and the compliance period.
Are there any other Nasdaq listing requirements mentioned in this filing?
No, this filing specifically addresses the minimum bid price requirement.
Filing Stats: 257 words · 1 min read · ~1 pages · Grade level 11.8 · Accepted 2024-09-06 16:05:16
Filing Documents
- form6-k.htm (6-K) — 19KB
- ex99-1.htm (EX-99.1) — 15KB
- ex99-1_001.jpg (GRAPHIC) — 4KB
- 0001493152-24-035289.txt ( ) — 41KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Foresight Autonomous Holdings Ltd. (Registrant) Date: September 6, 2024 By: /s/ Eli Yoresh Name: Eli Yoresh Title: Chief Financial Officer