Rail Vision Ltd., a leading technology company focused on transforming railway safety and data-related markets, announced today that it has received a notification from the Nasdaq Stock Market LLC regarding its non-compliance with Nasdaq Listing Rule 5550(a)(2). The Company’s closing bid price for its Ordinary Shares has been below $1.00 per share for the last 30 consecutive business days.
In accordance with Nasdaq Listing Rule 5810(c)(3)(A), Rail Vision has been granted a 180-calendar day compliance period, 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 meet the compliance requirement, the closing bid price of the Company’s Ordinary Shares must reach or exceed $1.00 per share for at least 10 consecutive business days within the given timeframe.
If Rail Vision fails to regain compliance by September 2, 2025, the Company may be eligible for a second 180-calendar day compliance period. To qualify for this extension, Rail Vision must meet the continued listing criteria for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, excluding the minimum bid price requirement. The Company will also need to provide written notice of its intention to address the deficiency during the second compliance period. Failure to regain compliance within the allotted timeframes may result in Nasdaq delisting the Company’s Ordinary Shares.
Rail Vision is committed to monitoring the closing bid price of its Ordinary Shares and exploring available options to address the non-compliance with the minimum bid price requirement. While there is no guarantee of regaining compliance, the Company remains focused on finding solutions to meet Nasdaq listing criteria.
Rail Vision is a technology company dedicated to revolutionizing railway safety and data-related markets. Its cutting-edge, artificial intelligence-based technology is designed to enhance railway operations, improve safety measures, and reduce costs for railway operators. The Company’s innovative solutions aim to increase railway safety globally, benefitting passengers, companies utilizing railway transport for goods delivery, and advancing the concept of autonomous trains.
For more information about Rail Vision Ltd., please visit their official website at https://www.railvision.io/
This press release may contain forward-looking statements, which are subject to risks and uncertainties that could impact actual performance or results. Investors are advised to refer to the Company’s reports filed with the Securities and Exchange Commission for detailed information on risks and uncertainties affecting Rail Vision.
For investor relations inquiries, please contact Michal Efraty at investors@railvision.io.
In conclusion, Rail Vision Ltd. remains committed to addressing the Nasdaq compliance issue and continuing its mission to transform railway safety through innovative technology solutions.