08/28/2024 | Press release | Distributed by Public on 08/28/2024 06:01
Item 8.01Other Events.
On August 27, 2024, Actelis Networks, Inc. (the "Company") received formal written notice from The Nasdaq Stock Market LLC ("Nasdaq")confirming that the Company has evidenced compliance with all applicable criteria for continued listing on The Nasdaq Capital Market as set forth in Nasdaq Listing Rule 5550, including the minimum stockholders' equity requirement of $2.5 million. In accordance with Nasdaq Listing Rule 5815(d)(4)(B), the Company will remain subject to a panel monitor for equity compliance through August 27, 2025.