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Foresight sets 1-for-7 reverse split to keep Nasdaq listing
short by / on Monday, 18 August, 2025
Foresight Autonomous (FRSX) will execute a 1-for-7 reverse split August 24-25 to maintain Nasdaq compliance, though management cautioned ADS prices may not hold. Retail sentiment stayed bearish as traders debated approval rules. The move comes alongside a $35 million autonomous tractor deal with Konec and Gint, and a $5 million India drone project. Shares are down 74% in 2025.
read more at Stocktwits