Foresight announces 1-for-7 reverse share split

* Foresight Autonomous Holdings (NASDAQ:FRSX [https://seekingalpha.com/symbol/FRSX]) on Friday said it plans to conduct a reverse share split of the company’s outstanding ordinary shares at a ratio of 1-for-7 which is expected to be implemented at market open on the Tel-Aviv Stock Exchange on August 24 and on Nasdaq on August 25.
* There will be no change to the existing ratio of the number of ordinary shares represented by the company’s American Depositary Shares.
* FRSX -11.62% after hours to $0.3444.
* Source: Press Release [https://seekingalpha.com/pr/20202927-foresight-announces-plan-for-reverse-share-split]

MORE ON FORESIGHT AUTONOMOUS

* Foresight Autonomous signs commercialization agreement with Zhejiang StreamRail Intelligent Control Technology [https://seekingalpha.com/news/4450078-foresight-autonomous-signs-commercialization-agreement-with-zhejiang-streamrail-intelligent-control-technology]
* Financial information for Foresight Autonomous [https://seekingalpha.com/symbol/FRSX/income-statement]