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Rail Vision Regains Compliance with Nasdaq Minimum Bid Price Rule
Rail VisionRail Vision(US:RVSN) Globenewswireยท2025-01-15 14:35

Core Viewpoint - Rail Vision Ltd. has regained compliance with Nasdaq's minimum bid price requirement, allowing its shares to continue being listed and traded on the Nasdaq Capital Market [1][3]. Compliance with Nasdaq Requirements - Rail Vision was previously notified on July 22, 2024, for failing to meet the minimum bid price rule, as its shares did not close at $1.00 or more for 30 consecutive business days [2]. - To regain compliance, the company needed to maintain a minimum closing bid price of $1.00 or more for at least 10 consecutive trading days, which it achieved from December 27, 2024, to January 14, 2025 [3]. Company Overview - Rail Vision is a technology company focused on revolutionizing railway safety and the data-related market through artificial intelligence-based technology [4]. - The company's technology aims to enhance railway safety, increase efficiency, and reduce costs for railway operators, with potential applications in autonomous trains [4].