Foresight Announces Plan for Reverse Share Split
Foresight Autonomous Holdings (NASDAQ:FRSX), a 3D perception systems innovator, has announced a 1-for-7 reverse share split of its outstanding ordinary shares. The split will be implemented on August 24, 2025 on the Tel-Aviv Stock Exchange and August 25, 2025 on the Nasdaq Capital Market.
The reverse split aims to help maintain Nasdaq listing compliance. While the ratio of ordinary shares represented by American Depositary Shares (ADSs) remains unchanged, the ADS price is expected to increase proportionally. No fractional new ADSs will be issued, with fractional entitlements being aggregated and sold by the Depositary Bank.
Foresight Autonomous Holdings (NASDAQ:FRSX), azienda innovatrice nei sistemi di percezione 3D, ha annunciato un raggruppamento azionario inverso 1 per 7 delle proprie azioni ordinarie in circolazione. L鈥檕perazione sar脿 eseguita il 24 agosto 2025 alla Borsa di Tel Aviv e il 25 agosto 2025 sul Nasdaq Capital Market.
Il raggruppamento ha lo scopo di favorire il rispetto dei requisiti di quotazione Nasdaq. Sebbene la proporzione di azioni ordinarie rappresentate da American Depositary Shares (ADS) rimanga invariata, il prezzo per ADS dovrebbe aumentare proporzionalmente. Non saranno emesse ADS frazionarie: le eventuali frazioni saranno aggregate e vendute dalla Depositary Bank.
Foresight Autonomous Holdings (NASDAQ:FRSX), innovadora en sistemas de percepci贸n 3D, ha anunciado una consolidaci贸n inversa de acciones 1 por 7 de sus acciones ordinarias en circulaci贸n. La operaci贸n se llevar谩 a cabo el 24 de agosto de 2025 en la Bolsa de Tel Aviv y el 25 de agosto de 2025 en el Nasdaq Capital Market.
La consolidaci贸n busca ayudar a mantener el cumplimiento de los requisitos de cotizaci贸n en Nasdaq. Aunque la proporci贸n de acciones ordinarias representadas por American Depositary Shares (ADS) permanecer谩 sin cambios, se espera que el precio por ADS aumente de forma proporcional. No se emitir谩n ADS fraccionarias: las fracciones se agrupar谩n y vender谩n por el Depositary Bank.
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Foresight Autonomous Holdings (NASDAQ:FRSX), innovateur dans les syst猫mes de perception 3D, a annonc茅 une fusion inverse d鈥檃ctions au ratio 1 pour 7 de ses actions ordinaires en circulation. L鈥檕p茅ration sera mise en 艙uvre le 24 ao没t 2025 脿 la Bourse de Tel-Aviv et le 25 ao没t 2025 sur le Nasdaq Capital Market.
Cette op茅ration vise 脿 aider 脿 maintenir la conformit茅 aux r猫gles de cotation du Nasdaq. Bien que la proportion d鈥檃ctions ordinaires repr茅sent茅e par les American Depositary Shares (ADS) reste inchang茅e, le prix par ADS devrait augmenter de mani猫re proportionnelle. Aucune ADS fractionnaire ne sera 茅mise聽: les droits fractionnaires seront regroup茅s et vendus par la Depositary Bank.
Foresight Autonomous Holdings (NASDAQ:FRSX), ein Innovator im Bereich 3D-Wahrnehmungssysteme, hat eine Reverse-Split im Verh盲ltnis 1 zu 7 seiner ausstehenden Stammaktien angek眉ndigt. Der Split wird am 24. August 2025 an der Tel-Aviv Stock Exchange und am 25. August 2025 am Nasdaq Capital Market durchgef眉hrt.
Der Reverse-Split zielt darauf ab, die Einhaltung der Nasdaq-Listinganforderungen zu unterst眉tzen. W盲hrend das Verh盲ltnis der durch American Depositary Shares (ADS) vertretenen Stammaktien unver盲ndert bleibt, wird der ADS-Preis voraussichtlich proportional steigen. Es werden keine anteiligen neuen ADS ausgegeben; etwaige Bruchteile werden von der Depositary Bank zusammengefasst und verkauft.
- Potential to maintain Nasdaq listing compliance through higher share price
- No impact on shareholders' ownership percentage or voting power
- Continued trading on major exchanges (Nasdaq and TASE)
- No guarantee of maintaining Nasdaq compliance despite the reverse split
- Potential transaction costs for holders of fractional shares
- No assurance that ADS price will maintain proportional value post-split
Insights
Foresight's 1-for-7 reverse split aims to maintain Nasdaq compliance but doesn't change fundamental value or investor ownership percentages.
Foresight Autonomous Holdings is implementing a 1-for-7 reverse share split on August 24-25, 2025. This is a technical maneuver aimed at increasing the company's share price to maintain compliance with Nasdaq's minimum bid price requirements, which typically mandate that listed stocks trade above $1 per share. While the split will reduce the total number of outstanding shares, it won't alter any shareholder's proportional ownership or voting rights in the company.
The reverse split will apply to Foresight's ordinary shares, but won't change the ratio of ordinary shares represented by their American Depositary Shares (ADSs). However, the ADS price is expected to increase proportionally, though the company explicitly offers no guarantees about post-split price performance. The company's market capitalization will remain theoretically unchanged immediately after the split, as the reduction in share count should be offset by the increase in price per share.
Importantly, no fractional ADSs will be issued. Instead, fractional entitlements will be aggregated, sold by the Depositary Bank, and the net proceeds distributed to affected ADS holders. This is a standard practice for handling fractional shares in reverse splits. While the primary stated purpose is Nasdaq compliance, reverse splits are sometimes viewed cautiously by the market as they're frequently implemented by companies experiencing sustained share price declines. The effectiveness of this strategy in maintaining listing compliance will depend on post-split trading patterns and the company's underlying business performance.
Ness Ziona, Israel, Aug. 15, 2025 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (鈥淔oresight鈥� or the 鈥淐ompany鈥�), an innovator in 3D perception systems, announced today that it plans to conduct a reverse share split of the Company鈥檚 outstanding ordinary shares, no par value per share, at a ratio of 1-for-7 which is expected to be implemented at market open on the Tel-Aviv Stock Exchange on August 24, 2025 and on the Nasdaq Capital Market on August 25, 2025.
There will be no change to the existing ratio of the number of ordinary shares represented by the Company鈥檚 American Depositary Shares (鈥淎DSs鈥�). However, as a result of the reverse share split, the ADS price is expected to increase proportionally, although the Company can give no assurance that the ADS price after the reverse share split will be equal to or greater than the ADS price on a proportionate basis. The Company believes that the reverse share split will help the Company to maintain compliance with Nasdaq listing requirements. However, the Company can give no assurance that this goal will be achieved.
As of the effective date for the reverse share split, the Company鈥檚 ADSs will continue to be traded on the Nasdaq under the symbol 鈥淔RSX鈥� with a new CUSIP Number.
The reverse share split will not impact any shareholder鈥檚 percentage ownership of the Company or voting power. No fractional new ADSs will be issued in connection with the reverse share split. Instead, fractional entitlements to new ADSs will be aggregated and sold by the Depositary Bank and the net cash proceeds from the sale of the fractional ADS entitlements (after deduction of fees, taxes and expenses) will be distributed to the applicable ADS holders by the Depositary Bank.
About Foresight
Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) is a technology company developing advanced three-dimensional (3D) perception and cellular-based applications. Through the Company鈥檚 controlled subsidiaries, Foresight Automotive Ltd., Foresight Changzhou Automotive Ltd. and Eye-Net Mobile Ltd., Foresight develops both 鈥渋n-line-of-sight鈥� vision systems and 鈥渂eyond-line-of-sight鈥� accident-prevention solutions.
Foresight鈥檚 3D perception systems include modules of automatic calibration and dense 3D point cloud that can be applied to different markets such as automotive, defense, autonomous driving, agriculture, heavy industrial equipment and unmanned aerial vehicles (UAVs).
Eye-Net Mobile develops next-generation vehicle-to-everything (V2X) collision prevention solutions and smart automotive systems to enhance road safety and situational awareness for all road users in the urban mobility environment. By leveraging cutting-edge artificial intelligence (AI) technology, advanced analytics, and existing cellular networks, Eye-Net鈥檚 innovative solution suite delivers real-time pre-collision alerts to all road users using smartphones and other smart devices within vehicles.
For more information about Foresight and its wholly owned subsidiary, Foresight Automotive, visit , follow on X (formerly Twitter), or join on LinkedIn.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Foresight is using forward-looking statements in this press release when it discusses the expected timing of the reverse share split, its impact on its ADSs and its expectation that the reverse share split will help it maintain compliance with Nasdaq listing requirements. Because such statements deal with future events and are based on Foresight鈥檚 current expectations, they are subject to various risks and uncertainties, and actual results, performance or achievements of Foresight could differ materially from those described in or implied by the statements in this press release.
The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading "Risk Factors" in Foresight's annual report on Form 20-F for the fiscal year ended December 31, 2024 filed with the Securities and Exchange Commission ("SEC") on March 24, 2025, and in any subsequent filings with the SEC. Except as otherwise required by law, Foresight undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Foresight is not responsible for the contents of third-party websites.聽
Investor Relations Contact:
Miri Segal-Scharia, CEO
MS-IR LLC
917-607-8654
FAQ
What is the ratio of Foresight's (FRSX) reverse stock split in 2025?
When will FRSX's reverse stock split take effect?
How will the FRSX reverse split affect shareholders' ownership?
What happens to fractional shares in FRSX's reverse split?
Will FRSX's stock symbol change after the reverse split?
