Rail Vision (RVSN) announced that on March 6, the company received a written notice from the Nasdaq Stock Market indicating that the company was not in compliance with Nasdaq Listing Rule 5550(a)(2), as the company’s closing bid price for its ordinary shares was below $1.00 per share for the last 30 consecutive business days. Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the company has been granted a 180-calendar day compliance period, or until September 2, 2025, to regain compliance with the minimum bid price requirement. During the compliance period, the company’s Ordinary Shares will continue to be listed and traded on the Nasdaq Stock Market. To regain compliance, the closing bid price of the company’s Ordinary Shares must meet or exceed $1.00 per share for at least 10 consecutive business days during the 180-calendar day compliance period.
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Read More on RVSN:
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