UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Item 8.01 Other Events.
As previously disclosed, on March 27, 2024, Actelis Networks, Inc. (the “Company”) received a delist determination letter from the Listing Qualifications Staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) advising the Company that the Staff had determined to delist its securities from Nasdaq due to non-compliance with the requirement to maintain a minimum of $2,500,000 of stockholders’ equity for continued listing on The Nasdaq Capital Market, as set forth in Listing Rule 5550(b)(1) (the “Equity Rule”), unless the Company timely requests a hearing before the Nasdaq Hearings Panel (the “Panel”). The Company timely requested a hearing before the Panel.
Following the hearing, on June 10, 2024, the Panel granted the Company’s request for continued listing subject to the Company evidencing compliance with the Equity Rule by August 30, 2024. There can be no assurance that the Company will be able to timely demonstrate such compliance with the Equity Rule.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
ACTELIS NETWORKS, INC. | ||
Dated: June 14, 2024 | By: | /s/ Tuvia Barlev |
Name: | Tuvia Barlev | |
Title: | Chief Executive Officer |
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