Why Actelis Networks Stock (ASNS) Crashed 33% Overnight?
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Actelis Networks (NASDAQ:ASNS) stock plummeted 33% after the Nasdaq Hearings Panel decided to delist the company due to non-compliance with minimum bid price requirements. The stock closed at $0.089 and fell further to $0.060 in after-hours trading. Actelis plans to shift its shares to OTC Markets and apply for trading on the OTCQB Venture Market, which may result in reduced liquidity and increased volatility. The company is exploring options to relist on Nasdaq while continuing its growth strategy, despite a nearly 99% decline in stock value over the past year.
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