Actelis Networks to Shift Trading to OTCQB After Nasdaq Delisting
Actelis Networks received a Nasdaq Hearings Panel decision to delist its common stock for failing the minimum $1 bid price requirement, effective April 10, 2026, and will move trading to the OTCQB market. The company will execute its growth strategy while pursuing all options to restore its Nasdaq listing.
1. Delisting Determination
Actelis Networks received a determination from a Nasdaq Hearings Panel to delist its common stock after failing to meet the $1 minimum bid price requirement. Trading suspension is effective at the open on April 10, 2026.
2. Transition to OTC Market
Following delisting, trading will move to the OTCQB market, designed for developing companies. The company will maintain SEC reporting status while quotes shift to OTC platforms.
3. Operational Impact
Actelis' operations and commercial plans remain unaffected by the venue change. The company continues executing its growth strategy in transportation, government, and critical infrastructure markets.
4. Nasdaq Relisting Efforts
Management is evaluating all available options to regain compliance and restore a Nasdaq listing, emphasizing that this development does not reflect underlying business strength. There is no assurance that an active trading market or broker-dealer support will continue on OTC platforms.