Foresight Regains Compliance with Nasdaq Minimum Bid Price Rule

Core Points - Foresight Autonomous Holdings Ltd. has regained compliance with Nasdaq's minimum bid price requirement, closing the matter of previous non-compliance [1][2] - The company was previously notified of non-compliance on September 3, 2024, due to its American Depositary Shares (ADSs) failing to meet the required closing bid price of $1.00 for 30 consecutive business days [2] - To regain compliance, Foresight needed to maintain a minimum closing bid price of$1.00 for at least 10 consecutive trading days, which it achieved from December 20, 2024, to January 6, 2025 [2] Company Overview - Foresight Autonomous Holdings Ltd. is a technology company focused on developing smart multi-spectral vision software solutions and cellular-based applications [3] - The company operates through its wholly owned subsidiaries, including Foresight Automotive Ltd., Foresight Changzhou Automotive Ltd., and Eye-Net Mobile Ltd., which develop both in-line-of-sight and beyond-line-of-sight accident-prevention solutions [3] - Foresight's vision solutions feature automatic calibration modules and dense 3D point cloud technology applicable in various markets such as automotive, defense, autonomous vehicles, and heavy industrial equipment [4] Product Offerings - Eye-Net Mobile provides a cellular-based solution suite that delivers real-time pre-collision alerts, enhancing road safety and situational awareness for urban mobility users through advanced AI technology and analytics [4]