RegulatoryApr 9, 2026, 12:51 PM
Actelis Networks (ASNS) to be Delisted from Nasdaq on April 10, Shares to Trade on OTC Markets
AI Summary
Actelis Networks, Inc. (ASNS) announced that Nasdaq has denied its appeal for continued listing, leading to the suspension of its common stock from The Nasdaq Capital Market at the open of trading on April 10, 2026. The company initially received a delisting notice on February 4, 2026, for failing to maintain a minimum bid price of $1.00 per share for 30 consecutive business days. Nasdaq determined the company was ineligible for the standard compliance period due to a 1-for-10 reverse stock split effected on November 18, 2025. Actelis plans for its shares to be quoted on the OTCQB Venture Market by the OTC Markets Group, Inc. following the Nasdaq suspension.
Key Highlights
- Actelis Networks received a delisting notice on February 4, 2026, for violating Nasdaq Listing Rule 5550(a)(2) by failing to maintain a minimum bid price of $1.00 per share for 30 consecutive business days.
- The company was deemed ineligible for the typical 180-calendar-day compliance period under Nasdaq Listing Rule 5810(c)(3)(A)(iv) due to a 1-for-10 reverse stock split implemented on November 18, 2025.
- On April 8, 2026, Nasdaq denied Actelis Networks' appeal for continued listing.
- Trading of Actelis Networks' common stock on The Nasdaq Capital Market will be suspended at the open of trading on April 10, 2026.
- The company expects and plans for its shares to be quoted by the OTC Markets Group, Inc. on the OTCQB Venture Market following the Nasdaq suspension.