Nasdaq grants Rail Vision 180-day extension to meet minimum bid price requirement for continued listing
In a recent development, Rail Vision Ltd., a technology company revolutionizing railway safety and the data-related market, has been granted an additional 180-day compliance period by Nasdaq. This extension comes as the company works towards regaining compliance with the stock exchange's minimum bid price rule.
The rule, which requires companies to maintain a bid price of at least $1.00 for a period exceeding 10 but not more than 20 consecutive business days, was not met by Rail Vision during the initial 180-day period. However, if the closing bid price is at least $1.00 for 10 consecutive business days before March 2, 2026, the company will regain compliance.
Rail Vision Ltd., listed on Nasdaq under the ticker symbol RVSN, is headquartered at 15 Ha'Tidhar St, Ra'anana, 4366517, Israel. The company's ordinary shares will continue to trade on Nasdaq Capital Market under the same symbol.
Founded by Dror Ackerman and David Ben, Rail Vision has developed cutting-edge, artificial intelligence-based technology specifically designed for railways. This technology has the potential to advance the concept of autonomous trains into a practical reality, significantly increasing railway safety worldwide and adding value to everyone in the train ecosystem.
For more information about Rail Vision, visit their website at https://www.railvision.io/. For investor relations, contact Michal Efraty at [email protected]. For general inquiries, contact Rail Vision at +972- 9-957-7706.
It is important to note that Rail Vision's forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed. Reference is made to the company's reports filed with the Securities and Exchange Commission for a more detailed description of these risks.
Rail Vision is currently in an early commercialization stage, working diligently to save lives, increase efficiency, and reduce expenses for railway operators. The company's technology aims to revolutionize railway safety and the data-related market, making travel safer and more efficient for all.
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