Actelis Regains Compliance with Nasdaq Minimum Closing Bid Price Rule
20 Junho 2024 - 5:30PM
Actelis Networks, Inc.
(NASDAQ:ASNS) (“Actelis” or
the “Company”), a market leader in cyber-hardened, rapid deployment
networking solutions for IoT applications, today announced that it
has received a written notice from The Nasdaq Stock Market
LLC ("Nasdaq") that the Company has regained compliance with
the minimum bid price requirement for continued listing set forth
in Nasdaq Listing Rule 5550(a)(2), which requires listed
securities, including the Company's ordinary shares, to maintain a
minimum bid price of $1.00 per share.
The Nasdaq staff made this determination of compliance after the
closing bid price of the Company's ordinary shares was
at $1.00 per share or greater for the 10 consecutive
business days prior to the date of the notice. Accordingly, the
Company has regained compliance with Nasdaq Listing Rule
5550(a)(2), and Nasdaq considers the prior bid price deficiency
matter now closed.
About Actelis Networks, Inc.Actelis Networks,
Inc. (NASDAQ: ASNS) is a market leader in cyber-hardened,
rapid-deployment networking solutions for wide-area IoT
applications including federal, state and local government, ITS,
military, utility, rail, telecom and campus applications. Actelis’
unique portfolio of hybrid fiber-copper, environmentally hardened
aggregation switches, high density Ethernet devices, advanced
management software and cyber-protection capabilities, unlocks the
hidden value of essential networks, delivering safer connectivity
for rapid, cost-effective deployment. For more information, please
visit www.actelis.com.
Forward-looking StatementsThis press release
contains certain forward-looking statements within the meaning of
the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. These statements are identified by the use of
the words "could," "believe," "anticipate," "intend," "estimate,"
"expect," "may," "continue," "predict," "potential," "project" and
similar expressions that are intended to identify forward-looking
statements. All forward-looking statements speak only as of the
date of this press release. You should not place undue reliance on
these forward-looking statements. Although we believe that our
plans, objectives, expectations and intentions reflected in or
suggested by the forward-looking statements are reasonable, we can
give no assurance that these plans, objectives, expectations or
intentions will be achieved. Forward-looking statements involve
significant risks and uncertainties (some of which are beyond our
control) and assumptions that could cause actual results to differ
materially from historical experience and present expectations or
projections. Actual results to differ materially from those in the
forward-looking statements and the trading price for our common
stock may fluctuate significantly. Forward-looking statements also
are affected by the risk factors described in the Company's filings
with the U.S. Securities and Exchange Commission. Except as
required by law, we undertake no obligation to update or revise
publicly any forward-looking statements, whether as a result of new
information, future events or otherwise, after the date on which
the statements are made or to reflect the occurrence of
unanticipated events.
Actelis Media ContactSean Renn Global VP
Marketing & Communicationssrenn@actelis.com
Actelis Investor Relations ContactKirin
SmithPCG Advisory, Inc.Ksmith@pcgadvisory.com
Actelis Networks (NASDAQ:ASNS)
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