Why Are Actelis Networks Shares Trading Higher Today

  • Actelis Networks, Inc ASNS shares traded upwards Thursday since it regained compliance with the Nasdaq.
  • On May 3, Actelis Networks regained compliance with the minimum bid price requirement under Nasdaq for maintaining the listing of the shares under the exchange.
  • On November 3, 2022, the Nasdaq informed Actelis regarding its failure to meet a closing bid price of $1.00 or more for 30 consecutive business days. The company conducted a 1-for-10 reverse stock split of the shares on April 18, 2023, to aid the compliance process.
  • Actelis Networks offers cyber-hardened, rapid-deployment networking solutions for wide-area IoT applications, including federal, state, local government, ITS, military, utility, rail, telecom, and campus applications.
  • The stock hit as high as $11.26 today.
  • Price Action: ASNS shares traded higher by 23.20% at $4.41 on the last check Thursday.
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