Foresight Reminds Shareholders of Upcoming TASE Delisting and Encourages Conversion of Ordinary Shares into Nasdaq-Traded ADSs; BNY to Waive Issuance Fees Through January 7, 2027

Foresight sets firm deadlines for TASE delisting and outlines ADS conversion process.

What the company is saying

Foresight Autonomous Holdings Ltd. is reminding shareholders of its voluntary delisting from the Tel Aviv Stock Exchange, with the last trading day set for January 1, 2027 and delisting effective January 4, 2027. The company emphasizes that its American Depositary Shares, each representing ninety ordinary shares, will remain listed on Nasdaq under the symbol FRSX. Foresight frames the process as orderly and provides detailed instructions for converting TASE-traded shares to ADSs, highlighting a temporary waiver of BNY's issuance fees through January 7, 2027. The announcement is procedural, focusing on mechanics and deadlines rather than strategic rationale or financial performance. The tone is neutral and factual, with no promotional language or forward-looking claims beyond the assurance that the Nasdaq listing and U.S. reporting will continue. Shareholders are urged to act promptly to benefit from the fee waiver and avoid conversion complications.

What the data suggests

The announcement provides concrete dates: January 1, 2027 is the last trading day for Foresight's ordinary shares on TASE, and January 4, 2027 is the delisting date. Shareholders have until January 7, 2027 to convert TASE shares to ADSs without paying BNY's issuance fee; after that, a $5.00 fee per 100 ADSs (or fraction thereof) applies. Each ADS represents ninety ordinary shares, and only whole ADSs will be issued—fractional ADS deposits will be rejected. The process requires coordination with banks or brokers and confirmation that the receiving broker can accept delivery via DTC. No financial, operational, or strategic metrics are disclosed; the data is strictly procedural. The evidence fully supports the stated process and deadlines, with no gaps between claims and instructions.

Analysis

The announcement is a procedural notice regarding the voluntary delisting of Foresight Autonomous Holdings Ltd. from the Tel Aviv Stock Exchange and the conversion process to ADSs on Nasdaq. The language is factual, with no promotional or exaggerated claims about the company's prospects or financial performance. Nearly all statements are realised facts (dates, conversion ratios, fee waivers), with only a single forward-looking claim regarding the continued Nasdaq listing and reporting obligations, which is a standard legal assurance rather than an aspirational projection. There is no mention of capital outlays, operational expansion, or financial results, and no attempt to frame the delisting as a strategic or value-creating event. The tone is strictly informational, and all key claims are supported by specific dates and instructions. There is no gap between narrative and evidence.

Risk flags

• ●Shareholder inaction risk is significant: those who do not convert TASE shares to ADSs before January 7, 2027 will incur a $5.00 per 100 ADSs issuance fee, and may face additional complications if their brokers are not prepared for DTC settlement.
• ●Operational risk exists in the conversion process: deposits resulting in fractional ADSs will be rejected, and incomplete or incorrect delivery instructions could delay or prevent conversion, potentially stranding shares.
• ●Disclosure risk is present: the announcement does not provide any financial or strategic rationale for the delisting, leaving investors without insight into the underlying business drivers or potential impacts on liquidity and valuation.

Bottom line

Foresight Autonomous Holdings Ltd. is executing a voluntary delisting from the Tel Aviv Stock Exchange, with clear deadlines and a defined process for converting shares to Nasdaq-traded ADSs. The company provides a temporary waiver of BNY's $5.00 per 100 ADSs issuance fee for conversions completed by January 7, 2027, but after that date, shareholders will incur additional costs. The announcement is strictly procedural, offering no financial or strategic context for the move, so investors cannot assess whether the delisting is value-neutral, positive, or negative for the business. The most immediate action for shareholders is to initiate conversions promptly to avoid fees and logistical hurdles. The key takeaway is that the window for cost-free conversion is closing soon, and those holding TASE shares must act quickly to preserve value.

Announcement summary

(NASDAQ:FRSX) Foresight Autonomous Holdings Ltd. announced a reminder regarding the voluntary delisting of its ordinary shares from trading on the Tel Aviv Stock Exchange Ltd. (TASE). The last day of trading of the Ordinary Shares on the TASE will be January 1, 2027, and the Ordinary Shares will be delisted from the TASE on January 4, 2027. The Company encourages holders of Ordinary Shares traded on the TASE to contact their banks or brokers to arrange for the conversion of their Ordinary Shares into American Depositary Shares (ADSs). Each ADS currently represents ninety (90) Ordinary Shares. The Company’s ADSs will continue to be listed and trade on the Nasdaq Capital Market under the symbol “FRSX.” The voluntary delisting from the TASE will not affect the Company’s listing on Nasdaq or its reporting obligations under U.S. securities laws. The Bank of New York Mellon (BNY), the depositary for the Company’s ADS program, will waive its issuance fees for the conversion of Ordinary Shares into ADSs through January 7, 2027. Beginning January 8, 2027, BNY will charge issuance fees of $5.00 per 100 ADSs delivered or a fraction thereof. The waiver applies only to BNY’s issuance fees; shareholders should consult their banks or brokers regarding any other applicable fees or charges. A conversion guide prepared by BNY, including custodian details, required delivery instructions, issuance fees and settlement procedures, is available on the Company’s website. Shareholders are encouraged to review the guide and contact their banks or brokers promptly to allow sufficient time to complete the conversion and benefit from BNY’s fee waiver. To convert Ordinary Shares into ADSs, shareholders should instruct their banks or brokers to deposit the Ordinary Shares with one of BNY’s Israeli custodians identified in the conversion guide and provide complete delivery instructions. Deposits must result in the issuance of whole ADSs; deposits resulting in fractional ADSs will be rejected by the custodians. Shareholders should confirm in advance that their receiving broker is able to accept delivery of the ADSs through The Depository Trust Company (DTC). Unless the Company makes special arrangements with BNY, deliveries after January 7, 2027, will be made on a delivery-versus-payment basis for the applicable issuance fees. The receiving DTC broker must accept delivery and payment of those fees for settlement to be completed.

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