Rail Vision Ltd. announced on March 7, 2025, that it received a written notice from Nasdaq Stock Market LLC on March 6, 2025. The notification indicated that the company was not in compliance with Nasdaq Listing Rule 5550(a)(2) because its closing bid price had been below $1.00 per share for the preceding 30 consecutive business days.
Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), Rail Vision has been granted a 180-calendar day compliance period, extending until September 2, 2025, to regain compliance with the minimum bid price requirement. During this 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 Rail Vision’s Ordinary Shares must meet or exceed $1.00 per share for at least 10 consecutive business days within the compliance period. The company intends to monitor its share price and consider available options to resolve the noncompliance.
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