Rail Vision Receives Nasdaq Notification Regarding Minimum Bid Requirements
Rail Vision (Nasdaq: RVSN), a railway safety technology company, has received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement. The company's closing bid price for its Ordinary Shares has been below $1.00 for 30 consecutive business days. Rail Vision has been granted a 180-day compliance period until January 21, 2025, to regain compliance by maintaining a closing bid price of at least $1.00 for 10 consecutive business days.
If unsuccessful, the company may be eligible for a second 180-day period, provided it meets other listing requirements. Failure to comply could result in delisting from Nasdaq. Rail Vision will monitor its stock price and consider options to resolve the non-compliance issue.
Rail Vision (Nasdaq: RVSN), un'azienda di tecnologia per la sicurezza ferroviaria, ha ricevuto una notifica da Nasdaq riguardo alla non conformità con il requisito del prezzo minimo delle offerte. Il prezzo di chiusura delle azioni ordinarie della società è stato inferiore a $1,00 per 30 giorni lavorativi consecutivi. A Rail Vision è stato concesso un periodo di conformità di 180 giorni fino al 21 gennaio 2025 per riprendere la conformità mantenendo un prezzo di chiusura di almeno $1,00 per 10 giorni lavorativi consecutivi.
Se non avrà successo, l'azienda potrebbe avere diritto a un secondo periodo di 180 giorni, a condizione di soddisfare altri requisiti di quotazione. La mancata conformità potrebbe comportare la dismissione da Nasdaq. Rail Vision monitorerà il prezzo delle sue azioni e valuterà opzioni per risolvere la questione di non conformità.
Rail Vision (Nasdaq: RVSN), una empresa de tecnología de seguridad ferroviaria, ha recibido una notificación de Nasdaq sobre el incumplimiento del requisito de precio mínimo de oferta. El precio de cierre de las acciones ordinarias de la empresa ha estado por debajo de $1.00 durante 30 días hábiles consecutivos. A Rail Vision se le ha otorgado un período de cumplimiento de 180 días hasta el 21 de enero de 2025 para recuperar el cumplimiento al mantener un precio de cierre de al menos $1.00 durante 10 días hábiles consecutivos.
Si no tiene éxito, la empresa podría ser elegible para un segundo período de 180 días, siempre que cumpla con otros requisitos de listado. El incumplimiento podría resultar en la exclusión de Nasdaq. Rail Vision monitoreará el precio de sus acciones y considerará opciones para resolver el problema de incumplimiento.
Rail Vision (Nasdaq: RVSN)는 철도 안전 기술 회사로, Nasdaq으로부터 최소 매도 가격 요건 미준수에 대한 통지를 받았습니다. 회사의 보통주 종가가 30영업일 연속으로 $1.00 미만이었습니다. Rail Vision은 2025년 1월 21일까지 180일의 준수 기간을 부여받아 10영업일 연속으로 종가를 최소 $1.00 이상 유지하여 준수를 회복해야 합니다.
성공하지 못할 경우, 회사는 다른 상장 요건을 충족하는 경우 두 번째 180일 기간을 받을 수 있습니다. 준수 실패는 Nasdaq에서 상장 폐지될 수 있습니다. Rail Vision은 자사의 주가를 모니터링하고 비준수 문제를 해결하기 위한 옵션을 고려할 것입니다.
Rail Vision (Nasdaq : RVSN), une entreprise de technologie de sécurité ferroviaire, a reçu une notification de Nasdaq concernant le non-respect de l'exigence de prix d'offre minimum. Le prix de clôture des actions ordinaires de la société est resté en dessous de 1,00 $ pendant 30 jours ouvrables consécutifs. Rail Vision a bénéficié d'une période de conformité de 180 jours jusqu'au 21 janvier 2025 pour retrouver le respect des exigences en maintenant un prix de clôture d'au moins 1,00 $ pendant 10 jours ouvrables consécutifs.
En cas d'échec, l'entreprise pourrait être éligible à une seconde période de 180 jours, à condition de respecter d'autres critères de cotation. Le non-respect pourrait entraîner une radiation de Nasdaq. Rail Vision surveillera le prix de ses actions et envisagera des options pour résoudre le problème de non-conformité.
Rail Vision (Nasdaq: RVSN), ein Unternehmen für Bahnsicherheitstechnologie, hat von Nasdaq eine Benachrichtigung über die Nichtkonformität mit dem Mindestgebotsanforderung erhalten. Der Schlusskurs der Stammaktien des Unternehmens lag 30 aufeinanderfolgende Geschäftstage lang unter $1,00. Rail Vision wurde ein 180-tägiger Compliance-Zeitraum bis zum 21. Januar 2025 gewährt, um die Konformität wiederherzustellen, indem ein Schlusskurs von mindestens $1,00 über 10 aufeinanderfolgende Geschäftstage aufrechterhalten wird.
Im Falle eines Misserfolgs könnte das Unternehmen für einen zweiten 180-tägigen Zeitraum in Frage kommen, vorausgesetzt, es erfüllt andere Zulassungsanforderungen. Das Nichteinhalten könnte zur Delistung von Nasdaq führen. Rail Vision wird den Aktienkurs überwachen und Optionen zur Lösung des Nichteinhaltungsproblems prüfen.
- Company granted 180-day compliance period to meet minimum bid price requirement
- Possibility of additional 180-day compliance period if initial period is unsuccessful
- Ordinary Shares will continue to be listed and traded on Nasdaq during compliance period
- Non-compliance with Nasdaq minimum bid price requirement ($1.00 per share)
- Risk of delisting from Nasdaq if compliance is not achieved
- Closing bid price below $1.00 for 30 consecutive business days
Rail Vision's notification from Nasdaq regarding minimum bid requirements is a significant development that warrants investor attention. The company's stock price falling below
Key points to consider:
- The 180-day compliance period provides Rail Vision with an opportunity to rectify the situation without immediate delisting risks.
- The requirement to maintain a closing bid price of
$1.00 or higher for at least 10 consecutive business days sets a clear benchmark for recovery. - The possibility of a second 180-day compliance period offers additional flexibility, but comes with stricter conditions.
This situation could lead to various outcomes:
- A potential reverse stock split to artificially boost the share price, which doesn't address underlying business issues.
- Increased pressure to improve financial performance and communicate value to investors.
- Risk of delisting if compliance isn't achieved, which could significantly impact liquidity and investor access.
Investors should closely monitor Rail Vision's strategic moves in the coming months, as well as any improvements in its fundamental business metrics that could drive stock price recovery.
The Nasdaq notification to Rail Vision highlights broader market dynamics affecting small-cap and micro-cap stocks, particularly in the technology sector. Several factors contribute to this situation:
- Market sentiment: Investors have been cautious towards speculative tech stocks, favoring more established companies with proven profitability.
- Sector-specific challenges: The railway safety and data market may be experiencing headwinds or slower-than-expected adoption rates.
- Macroeconomic factors: Rising interest rates and economic uncertainties have led to a flight to quality, impacting smaller, less liquid stocks.
For Rail Vision to regain compliance and investor interest, it needs to:
- Demonstrate clear revenue growth and a path to profitability
- Secure significant contracts or partnerships that validate its technology
- Improve investor communications to highlight its value proposition and market potential
The company's ability to navigate this challenging period will be important for its long-term viability and attractiveness to investors. This situation also serves as a reminder for investors to carefully assess the risks associated with small-cap stocks in emerging technology sectors.
Ra’anana, Israel, July 26, 2024 (GLOBE NEWSWIRE) -- Rail Vision Ltd. (the “Company”) (Nasdaq: RVSN), a technology company at the forefront of revolutionizing railway safety and the data-related market, announced today that on July 22, 2024, the Company received a written notice from the Nasdaq Stock Market LLC (“Nasdaq”) 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
Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has been granted a 180-calendar day compliance period, or until January 21, 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
If the Company is not in compliance by January 21, 2025, the Company may be afforded a second 180-calendar day compliance period. To qualify for this additional time, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market with the exception of the minimum bid price requirement and will need to provide written notice of its intention to cure the deficiency during the second compliance period. If the Company does not regain compliance within the allotted compliance period(s), including any extensions that may be granted by Nasdaq, Nasdaq will provide notice that the Company’s Ordinary Shares will be subject to delisting.
The Company intends to monitor the closing bid price of its Ordinary Shares between now and January 21, 2025, and will consider available options to resolve the Company’s noncompliance with the minimum bid price requirement as may be necessary. There can be no assurance that the Company will be able to regain compliance with the minimum bid price requirement or will otherwise be in compliance with other Nasdaq listing criteria.
About Rail Vision Ltd.
Rail Vision is a technology company that is seeking to revolutionize railway safety and the data-related market. The Company has developed cutting-edge, artificial intelligence-based, industry-leading technology specifically designed for railways. The Company has developed its railway detection and systems to save lives, increase efficiency, and dramatically reduce expenses for the railway operators. Rail Vision believes that its technology will significantly increase railway safety around the world, while creating significant benefits and adding value to everyone who relies on the train ecosystem: from passengers using trains for transportation to companies that use railways to deliver goods and services. In addition, the company believes that its technology has the potential to advance the revolutionary concept of autonomous trains into a practical reality. For more information, please visit https://www.railvision.io/
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act and other securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. Forward-looking statements are not historical facts, and are based upon management’s current expectations, beliefs and projections, many of which, by their nature, are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. However, there can be no assurance that management’s expectations, beliefs and projections will be achieved, and actual results may differ materially from what is expressed in or indicated by the forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s reports filed from time to time with the Securities and Exchange Commission (“SEC”), including, but not limited to, the risks detailed in the Company’s annual report on Form 20-F filed with the SEC on March 28, 2024. Forward-looking statements speak only as of the date the statements are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws. If the Company does update one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Rail Vision is not responsible for the contents of third-party websites.
Investor Relations
Michal Efraty
investors@railvision.io
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FAQ
What is the minimum bid price requirement Rail Vision (RVSN) needs to meet for Nasdaq compliance?
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