Foresight Receives Nasdaq Notice Regarding Minimum Bid Requirements Page 1

Ness Ziona, Israel, Sept. 6, 2024 (GLOBE NEWSWIRE) — Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in automotive vision systems, today announced that on September 3, 2024, the Company received a written notice (the “Notice”) from the Nasdaq Stock Market LLC advising that the Company is not in compliance with Nasdaq Listing Rule 5550(a)(2) because the Company's closing price for its American Depositary Shares (“ADSs”) has been below $1.00 per share for the last 30 consecutive business days.

Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has been granted 180 calendar days, or until March 3, 2025, to restore compliance with the minimum bid price requirement. To restore compliance, the closing bid price of the Company's ADSs must meet or exceed $1.00 per share for at least 10 consecutive business days during the 180 calendar day period.