Foresight Autonomous Holdings, an Israeli developer of 3D perception systems, said on September 30, 2026 that it will voluntarily delist its ordinary shares from the Tel Aviv Stock Exchange, while its American Depositary Shares continue to trade on the Nasdaq Capital Market under the symbol FRSX.
What changed
The Ness Ziona-based company said it has asked the TASE to begin the delisting process for its ordinary shares, which carry no par value.
Under applicable Israeli law and TASE rules, the company said the last day the ordinary shares will trade on the TASE will be January 1, 2027, and the shares will be delisted on January 4, 2027. During the interim period, Foresight said the shares are expected to continue trading on the TASE.
Foresight said the move will not affect its Nasdaq listing or its reporting obligations under US securities laws, and that it will continue to file reports with the Securities and Exchange Commission.
What the company says
Chief Executive Officer and Chairman Haim Siboni described the decision as "a natural next step for Foresight" and consistent with a strategy that he said includes "recently announced plans to enter the European data-center development market".
Siboni said that "Delisting from the TASE is expected to reduce cost and administrative complexity associated with maintaining a dual listing", and that it would let the company focus investor-relations and capital-markets resources on Nasdaq, where it said most trading in its securities takes place.
The company added that it is not aware of any technical or substantive impediment to trading of its securities on Nasdaq after the TASE delisting. These are forward-looking statements by Foresight, which the company said are subject to risks and uncertainties.
What it means for shareholders
Foresight said holders of ordinary shares that currently trade on the TASE may convert them into ADSs through their banks or brokers. Each ADS currently represents 90 ordinary shares, according to the company.
The conversion process involves depositing ordinary shares in the Israeli custodian account of Bank of New York Mellon, the depositary of the company's ADS program, Foresight said. It added that no fractional ADSs will be issued in connection with the conversion, and that any fractional ADSs will be handled in accordance with applicable TASE rules and instructions.
About the company
Foresight describes itself as a technology company developing three-dimensional perception systems and cellular-based applications through its subsidiaries Foresight Automotive, Foresight Changzhou Automotive and Eye-Net Mobile.
The company said its 3D perception systems include automatic calibration and dense 3D point cloud modules that can be applied to markets including automotive, defense, autonomous driving, agriculture, heavy industrial equipment and UAVs, while Eye-Net Mobile develops vehicle-to-everything collision prevention solutions that deliver pre-collision alerts over existing cellular networks.
What to do
- If you hold Foresight ordinary shares on the TASE, the company says you may convert them into ADSs through your bank or broker.
- Note that no fractional ADSs will be issued in the conversion; the company says fractional amounts will be handled under applicable TASE rules and instructions.
- Foresight encourages holders of ordinary shares to contact their banks or brokers with any questions about the conversion process.
Key facts and where they come from
- Foresight announced a voluntary delisting of its ordinary shares from the Tel Aviv Stock Exchange.
today announced that it will voluntarily delist its ordinary shares, no par value per share (the "Ordinary Shares") from trading on the Tel Aviv Stock Exchange Ltd.
- Last TASE trading day is January 1, 2027, with delisting on January 4, 2027.
the last day the Ordinary Shares will trade on the TASE will be January 1, 2027, and the Ordinary Shares will be delisted from the TASE on January 4, 2027
- ADSs continue on Nasdaq under FRSX, each representing 90 ordinary shares.
The Company's ADSs, each currently representing ninety (90) Ordinary Shares, will continue to be listed and trade on the Nasdaq under the symbol "FRSX."
- The company cited reduced cost and administrative complexity from ending the dual listing.
Delisting from the TASE is expected to reduce cost and administrative complexity associated with maintaining a dual listing
- Conversion of ordinary shares into ADSs runs through Bank of New York Mellon's Israeli custodian account.
The process to convert Ordinary Shares into ADSs involves depositing Ordinary Shares in the Israeli custodian account of Bank of New York Mellon, the Depositary of the Company's ADS program.
- Foresight said the delisting does not change its Nasdaq listing or SEC reporting duties.
The voluntary delisting from the TASE will not affect the Company's listing on Nasdaq or its reporting obligations under the U.S. securities laws.