Foresight Announces Plan for Reverse Share Split to Maintain Nasdaq Listing Compliance
ByAinvest
Friday, Aug 15, 2025 4:46 pm ET1min read
FRSX--
The reverse share split aims to bring the company's stock price in line with Nasdaq's minimum bid price requirement of $1.00. The current share price is significantly below this threshold, and the reverse share split is a strategic move to ensure compliance with the exchange's listing rules.
Fractional entitlements to new ADSs resulting from the reverse share split will be sold, and the net cash proceeds will be distributed to ADS holders. This process is designed to ensure that shareholders receive a fair value for their fractional shares.
Foresight Autonomous Holdings has been active in securing partnerships and commercial agreements in various sectors, including automotive, rail, and industrial drones. These strategic moves have positioned the company as a leader in 3D perception systems, with a focus on enhancing vehicle safety and autonomous operations.
The company's latest financial results, reported in March 2025, showed a reduction in GAAP net loss by 39.5% to $11.1M in 2024 compared to $18.4M in 2023. Revenue for 2024 was $436,000, with Q4 2024 revenues of $101,000 and a GAAP net loss of $3.1M. The company also secured additional financing of $4.75M in early 2025 through the sale of Eye-Net Mobile securities.
Foresight Autonomous Holdings continues to invest in technological advancements, including the integration of NVIDIA Jetson Orin computing platforms into its 3D perception systems. The company has also signed several commercial agreements, including one with a leading Indian Tier-One automotive supplier for potential revenues of up to $19.5 million between 2025 and 2029.
The reverse share split is a proactive measure to address the company's stock price challenges and ensure compliance with Nasdaq listing requirements. As the company continues to expand its market presence and secure strategic partnerships, investors can expect to see ongoing developments in the 3D perception systems sector.
References:
[1] https://www.stocktitan.net/news/FRSX/
[2] https://www.stocktitan.net/news/FRSX/
Foresight Autonomous Holdings plans to conduct a reverse share split of its outstanding ordinary shares at a ratio of 1-for-7 to maintain Nasdaq listing requirements. The reverse share split will increase the ADS price proportionally but does not impact shareholders' percentage ownership or voting power. Fractional entitlements to new ADSs will be sold and net cash proceeds distributed to ADS holders.
Foresight Autonomous Holdings (FRSX) has announced plans to conduct a reverse share split of its outstanding ordinary shares at a ratio of 1-for-7 to maintain Nasdaq listing requirements. The reverse share split is scheduled to occur on July 15, 2025, and will increase the ADS price proportionally without affecting shareholders' percentage ownership or voting power.The reverse share split aims to bring the company's stock price in line with Nasdaq's minimum bid price requirement of $1.00. The current share price is significantly below this threshold, and the reverse share split is a strategic move to ensure compliance with the exchange's listing rules.
Fractional entitlements to new ADSs resulting from the reverse share split will be sold, and the net cash proceeds will be distributed to ADS holders. This process is designed to ensure that shareholders receive a fair value for their fractional shares.
Foresight Autonomous Holdings has been active in securing partnerships and commercial agreements in various sectors, including automotive, rail, and industrial drones. These strategic moves have positioned the company as a leader in 3D perception systems, with a focus on enhancing vehicle safety and autonomous operations.
The company's latest financial results, reported in March 2025, showed a reduction in GAAP net loss by 39.5% to $11.1M in 2024 compared to $18.4M in 2023. Revenue for 2024 was $436,000, with Q4 2024 revenues of $101,000 and a GAAP net loss of $3.1M. The company also secured additional financing of $4.75M in early 2025 through the sale of Eye-Net Mobile securities.
Foresight Autonomous Holdings continues to invest in technological advancements, including the integration of NVIDIA Jetson Orin computing platforms into its 3D perception systems. The company has also signed several commercial agreements, including one with a leading Indian Tier-One automotive supplier for potential revenues of up to $19.5 million between 2025 and 2029.
The reverse share split is a proactive measure to address the company's stock price challenges and ensure compliance with Nasdaq listing requirements. As the company continues to expand its market presence and secure strategic partnerships, investors can expect to see ongoing developments in the 3D perception systems sector.
References:
[1] https://www.stocktitan.net/news/FRSX/
[2] https://www.stocktitan.net/news/FRSX/
Stay ahead of the market.
Get curated U.S. market news, insights and key dates delivered to your inbox.
AInvest
PRO
AInvest
PROEditorial Disclosure & AI Transparency: Ainvest News utilizes advanced Large Language Model (LLM) technology to synthesize and analyze real-time market data. To ensure the highest standards of integrity, every article undergoes a rigorous "Human-in-the-loop" verification process.
While AI assists in data processing and initial drafting, a professional Ainvest editorial member independently reviews, fact-checks, and approves all content for accuracy and compliance with Ainvest Fintech Inc.’s editorial standards. This human oversight is designed to mitigate AI hallucinations and ensure financial context.
Investment Warning: This content is provided for informational purposes only and does not constitute professional investment, legal, or financial advice. Markets involve inherent risks. Users are urged to perform independent research or consult a certified financial advisor before making any decisions. Ainvest Fintech Inc. disclaims all liability for actions taken based on this information. Found an error?Report an Issue
Comments
No comments yet