ACTELIS NETWORKS INC 8-K

What Happened
Actelis Networks Inc. filed an 8-K reporting that the Nasdaq Listing Qualifications staff has determined to delist the company’s securities from The Nasdaq Capital Market for failure to maintain the required minimum bid price. The staff found the company's common stock traded below the $1.00 minimum for 30 consecutive business days (Nasdaq Listing Rule 5550(a)(2)). Because Actelis completed a 1-for-10 reverse stock split on November 18, 2025, Nasdaq concluded the company is ineligible for the usual 180-calendar-day compliance period under Nasdaq Listing Rule 5810(c)(3)(A)(iv) and is subject to immediate delisting. Actelis intends to timely request a hearing before an independent Nasdaq Hearings Panel; filing a hearing request will stay any suspension or delisting action pending the hearings process.

Key Details

• Received written delisting Notice from Nasdaq Listing Qualifications (filed 8-K on Feb 6, 2026).
• Reason: failure to maintain minimum $1.00 bid price for 30 consecutive business days (Nasdaq Rule 5550(a)(2)).
• Company had a 1-for-10 reverse stock split on November 18, 2025, making it ineligible for a 180-day cure period (Nasdaq Rule 5810(c)(3)(A)(iv)).
• Actelis will request a hearing before an independent Nasdaq Hearings Panel; a timely hearing request stays delisting pending the outcome.

Why It Matters
A Nasdaq delisting determination can materially affect liquidity and the tradability of Actelis shares, potentially moving the stock to less liquid markets (e.g., OTC) if delisting is upheld. The company’s prompt hearing request means delisting is not final immediately — the stay preserves current trading while the hearings process proceeds. Investors should monitor updates on the hearing outcome and any company actions to regain compliance.