Actelis Networks (NASDAQ:ASNS) moved sharply lower on Thursday following a regulatory update tied to its Nasdaq listing status.
ASNS closed the regular session down 73.39% at $0.089 and declined a further 32.74% in after-hours trading to $0.060.
Company Overview
Actelis Networks provides hybrid fiber and cyber-hardened networking solutions designed for the rapid installation of networks that connect smart devices, along with applications across government, transportation and critical infrastructure systems.
Delisting Notice
The company announced Thursday that it received a determination from the Nasdaq Hearings Panel to delist its common stock from the Nasdaq Capital Market.
The decision follows Actelis’ non-compliance with Nasdaq’s minimum bid price requirement. While the company presented a plan to regain compliance, the …
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