Starting tomorrow, the Israeli auto-tech company will switch to the US reporting format.
As previously reported, Nasdaq trading in Foresight Autonomous Holdings Ltd.'s (TASE: FRST) share will begin tomorrow under the FRSX ticker symbol. Starting tomorrow, the company will switch to the reporting format required by US securities law.
Foresight, one of the hot shares in 2017, has been on an upward swing starting in March, when it was announced that Intel was acquiring Mobileye(NYSE: MBLY) for $15.3 billion.
Foresight controlling shareholder Haim Siboni told "Globes" late last week, "The capital market in Israel doesn't really understand what we have." He added that the company had to sign contracts with large auto manufacturers, and that he believed it would happen "soon."
Published by Globes [online], Israel Business News - www.globes-online.com - on June 14, 2017
© Copyright of Globes Publisher Itonut (1983) Ltd. 2017
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