Actelis Networks Inc. has announced that it received a notice from the Nasdaq Stock Market LLC on August 19, 2025, regarding its non-compliance with the $2.5 million stockholders' equity requirement as per Nasdaq Listing Rule 5550(b)(1). This non-compliance could lead to the delisting of Actelis Networks' securities from Nasdaq. The company intends to request a hearing before the Nasdaq Hearing Panel to present its plan for compliance and seek an extension to meet the listing criteria. However, there is no guarantee that the Panel will approve the request or that the company will achieve compliance within any granted extension period.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Actelis Networks Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-080370), on August 25, 2025, and is solely responsible for the information contained therein.