Rail Vision Ltd. announced on January 15, 2025, that it received a written notice from Nasdaq Stock Market LLC confirming it has regained compliance with the minimum bid price requirement for continued listing. The company is now in compliance with all applicable listing standards.
Rail Vision was previously notified on July 22, 2024, of non-compliance because its shares failed to meet the $1.00 minimum closing bid price for 30 consecutive business days. To regain compliance, the company's shares needed to maintain a closing bid price of $1.00 or more for at least 10 consecutive trading days.
The company's ordinary shares maintained a closing bid price greater than $1.00 per share from December 27, 2024, through January 14, 2025, fulfilling the requirement. Nasdaq considers the prior bid price deficiency matter closed, ensuring the company's continued listing on the Nasdaq Capital Market.
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