Foresight Autonomous (FRSX) said Friday it received a notice from Nasdaq stating that its American Depositary Shares had closed below $1 for 30 consecutive business days, putting it out of compliance with listing rules.
The company has until Sept. 22 to regain compliance.
If compliance is not regained by the deadline, the company may qualify for an additional 180-day period if it meets other Nasdaq listing requirements.
The company's ADSs will continue trading on Nasdaq during this period.
Foresight said it will monitor its stock price and consider available options to regain compliance.
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