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NeuroSense Therapeutics Announces Receipt of Nasdaq Minimum Bid Price Notification

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CAMBRIDGE, Mass., Aug. 30, 2024 /PRNewswire/ — NeuroSense Therapeutics Ltd. (Nasdaq: NRSN) (“NeuroSense” or the “Company”), a late-clinical stage biotechnology company developing novel treatments for severe neurodegenerative diseases, today announced that it has received a notification letter from the Nasdaq Stock Market LLC (“Nasdaq”). The letter notifies the Company that it is not in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rules for continued listing on the Nasdaq Capital Market, since the closing bid price for the Company’s ordinary shares listed on the Nasdaq was below USD $1.00 for 30 consecutive trading days. Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of USD $1.00 per share, and Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days.

The Notice has no immediate effect on the Company’s Nasdaq listing or the trading of its ordinary shares, and during the grace period, as may be extended, the Company’s ordinary shares will continue to trade on the Nasdaq under the symbol “NRSN”.

In accordance with Listing Rule 5810(c)(3)(A), the Company has a period of 180 calendar days from the date of notification, or until February 24, 2025, to regain compliance with the minimum bid price. If at any time before February 24, 2025 the bid price of the Company’s ordinary shares closes at or above USD $1.00 per share for a minimum of 10 consecutive business days, Nasdaq will provide written notification that the Company has achieved compliance with the minimum bid price requirement.

In the event the Company does not regain compliance by February 24, 2025, the Company may be eligible for an additional 180 days to regain compliance if it meets the continued listing requirement for market value of publicly held shares and all other initial listing standards for the Nasdaq Capital Market, with the exception of the minimum bid price requirement. In this case, the Company will need to provide written notice of its intention to cure the deficiency during the second compliance period.

The Company will continue to monitor the closing bid price of its ordinary shares on the Nasdaq between now and February 24, 2025 and seek to cure the deficiency within the prescribed compliance period.  The Company’s business operations are not affected by the notification letter.

If the Company cannot demonstrate compliance by the allotted compliance period(s), Nasdaq’s staff will notify the Company that its ordinary shares are subject to delisting.

About NeuroSense

NeuroSense Therapeutics, Ltd. is a clinical-stage biotechnology company focused on discovering and developing treatments for patients suffering from debilitating neurodegenerative diseases. NeuroSense believes that these diseases, which include amyotrophic lateral sclerosis (ALS), Alzheimer’s disease and Parkinson’s disease, among others, represent one of the most significant unmet medical needs of our time, with limited effective therapeutic options available for patients to date. Due to the complexity of neurodegenerative diseases and based on strong scientific research on a large panel of related biomarkers, NeuroSense’s strategy is to develop combined therapies targeting multiple pathways associated with these diseases.

For additional information, we invite you to visit our website and follow us on LinkedIn, YouTube and X. Information that may be important to investors may be routinely posted on our website and these social media channels.

Forward-Looking Statements

This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. For example, the Company is using forward-looking statements when it discusses regaining compliance with Nasdaq’s continued listing requirements, and timing and effect thereof. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on NeuroSense Therapeutics’ current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict and include statements relating to the consummation of the offering described above, the expected proceeds from the offering, the intended use of proceeds and the timing of the closing of the offering. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. The future events and trends may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward looking statements. These risks include unexpected R&D costs or operating expenses, a delay in the reporting of additional results from PARADIGM clinical trial, the timing of expected regulatory and business milestones, risks associated with meeting with the FDA to determine the best path forward following the results from PARADIGM clinical trial, including a delay in any such meeting; the potential for PrimeC to safely and effectively target ALS; preclinical and clinical data for PrimeC; the uncertainty regarding outcomes and the timing of current and future clinical trials; timing for reporting data; the development and commercial potential of any product candidates of Neurosense; the ability of NeuroSense to remain listed on Nasdaq; and other risks and uncertainties set forth in NeuroSense’s filings with the Securities and Exchange Commission (SEC). You should not rely on these statements as representing our views in the future. More information about the risks and uncertainties affecting NeuroSense is contained under the heading “Risk Factors” in the Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 4, 2024 and NeuroSense’s subsequent filings with the SEC. Forward-looking statements contained in this announcement are made as of this date, and NeuroSense undertakes no duty to update such information except as required under applicable law.

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SOURCE NeuroSense

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Travelport Releases Second Annual State of Modern Retailing Report: ‘Travel’s Tipping Point’

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New proprietary research from Travelport, combined with cross-industry insights, highlights key trends that will transform the travel industry in 2025

LANGLEY, United Kingdom, Jan. 15, 2025 /PRNewswire/ — Travelport, a global technology company that powers travel bookings for hundreds of thousands of travel agencies and suppliers worldwide, today unveiled its 2025 State of Modern Retailing Report. This report, combining new proprietary research and cross-industry insights, outlines critical trends reshaping the travel industry in 2025, including heightened demand for transparency, the emergence of new subscription models, and AI-driven advancements in the travel retail experience.

“Consumers are clear about what they want from the travel industry: simplicity, transparency, and trust,” said Jen Catto, Chief Marketing and Product Officer at Travelport. “Our latest research shows that travel has reached a tipping point. Modern retailers who embrace radical transparency, adopt AI responsibly, and deliver streamlined experiences will thrive in this evolving landscape.”

Five Key Trends to Watch in 2025:

Consumer-washing ends; Radical transparency begins
Travel companies face growing criticism for “consumer washing,” a practice where businesses advertise deceptively low prices, hiding fees or conditions until checkout. Nearly half (44%) of surveyed consumers ranked airlines, hotels, and travel companies as major offenders, second only to credit card companies (45%).

Modern retailing requires honesty at every stage of the customer journey. Brands that eliminate hidden fees and agencies that present clear, comparable options across suppliers will earn customer loyalty. Radical transparency is not just a necessity—it’s a competitive advantage.

Disruptors Delivering Simplicity Will Outpace the Laggards
Fintech disruptors have reshaped banking, with 47% of consumers agreeing they’ve made personal finances easier to manage. However, the travel industry lags behind. Over half of consumers (56%) report that airline offers have become more confusing over the past decade.

To match fintech’s success, travel brands must embrace agile, API-led technology that enables seamless integration of new content, data, and features. Those who simplify the shopping experience will stand out in a crowded market.

Distribution Partnerships Drive Consumer Growth
The overwhelming number of content options across industries has led to choice overload. In streaming services, for example, 56% of consumers feel overwhelmed by the amount of content available on traditional and streaming channels, and 75% would prefer one bundled subscription.

Travel is no different. Forward-thinking companies are forming unconventional partnerships to meet consumers where they shop. For example, low-cost carriers (LCCs) are opening up their content to travel retailers, recognizing that a multi-channel approach simplifies the consumer experience while driving loyalty.

Travel Subscriptions Gain Traction
Travelers are increasingly turning to subscriptions. Online travel agencies (OTAs) like eDreams ODIGEO have demonstrated the potential of this approach, boasting more than 6.5 million Prime subscribers. Its subscription model is currently the company’s largest contributor of revenues and margins.

1 in 3 consumers (35%) surveyed said that they would consider a travel subscription in 2025, highlighting that this business model is primed for growth. Benefits such as convenience, cost savings, and exclusive perks make subscriptions a compelling alternative to traditional loyalty programs.

AI Raises the Bar for Travel Retailing
AI adoption is accelerating, with 58% of people using AI in their personal or professional lives. Travel ranks in top three industries for AI trust, with 42% of consumers trusting travel brands to use AI responsibly. In fact, 80% of frequent travelers already feel comfortable using AI for trip planning.

AI-driven tools will revolutionize travel retailing in 2025, from predicting travel behavior to curating personalized offers. For agencies, AI will simplify managing multi-source content and enable more effective customer service and upselling.

To read the full report or to learn more about Travelport, please visit Travelport.com/Trends-2025.

About Travelport
Travelport is a global technology company that powers bookings for hundreds of thousands of travel suppliers worldwide. Buyers and sellers of travel are connected by the company’s next generation marketplace, Travelport+, which simplifies how brands connect, upgrades how travel is sold, and enables modern digital retailing. Headquartered in the United Kingdom and operating in more than 165 countries around the world, Travelport is focused on driving innovation that simplifies the complex travel ecosystem.

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HONGQI Showcases Flagship Electric Vehicles at the Brussels Motor Show 2025

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BRUSSELS, Jan. 15, 2025 /PRNewswire/ — HONGQI, the benchmark of China’s luxury automotive industry, proudly unveils its flagship electric vehicle lineup at the Brussels Motor Show 2025, held from January 10 to 19 at the Brussels Expo. The event gathers leading automotive brands from around the globe, offering a platform to showcase cutting-edge technologies and sustainable innovation. HONGQI’s E-HS9, EH7, and EHS7 take centre stage, highlighting the brand’s excellence in design, performance, and forward-looking technology.

The E-HS9, a full-size smart electric SUV, embodies spaciousness and refinement. Its dual-motor all-wheel-drive system and high-performance battery deliver exceptional power and stability. The cabin, designed with premium materials, ensures both comfort and elegance, making it a perfect choice for executives and families alike.

The EH7 is designed to meet the expectations of discerning customers in the premium upper mid-sized electric sedan. With a WLTP range of 655 km, it excels in delivering long-distance comfort. Its powerful drivetrain, producing 455 kW and 756 Nm of torque, enables acceleration from 0 to 100 km/h in just 3.5 seconds, offering an exhilarating driving experience while maintaining efficiency. For those who value a combination of high performance and extended range, the EH7 is an irresistible choice.

The EHS7 is a premium upper mid-sized electric SUV that offers powerful driving performance and smooth handling. Its advanced braking system achieves a stopping distance of just 36 meters from 100 km/h, ensuring precise control and safety. As the only vehicle in its class equipped with rear-wheel steering, the EHS7 delivers exceptional agility and handling. Equipped with IPX8 waterproof battery safety features, it guarantees stable performance across various environments. With ultra-fast charging capabilities and outstanding manoeuvrability, the EHS7 is the ideal choice for drivers who prioritise practicality and superior driving dynamics.

In 2024, HONGQI captivated audiences with appearances at the Goodwood Festival of Speed, Automechanika Frankfurt, and the Paris Motor Show. Each event highlighted the unique features of the E-HS9, EH7, and EHS7, demonstrating HONGQI’s global commitment to luxury EV innovation.

The HONGQI booth at the Brussels Motor Show 2025 offers visitors a unique opportunity to experience the flagship models E-HS9, EH7, and EHS7 up close. Attendees can explore these models firsthand, discovering HONGQI’s dedication to luxury design, new energy innovation, and cutting-edge technology. The exhibit highlights the HONGQI’s continuous efforts to advance electric mobility and enhance premium driving experiences on a global scale.

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Start the New Year Right: Corra Group Highlights the Importance of Background Checks as Businesses Start the New Year Strong

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Background Checks Are Essential for Organizations Seeking to Build Trusted Teams and Create Safe Work Environments.

EL SEGUNDO, Calif., Jan. 15, 2025 /PRNewswire/ — The start of the new year is peak season for hiring, and businesses are gearing up to tackle early-year demands for a thriving 2025. Corra Group, a nationwide provider of background checks and drug testing, highlights the critical role of background screening at the start of the new year.

“January and February are typically active months for hiring, as companies bring on new employees to drive business growth and address early-year needs,” said Nick Gustavson, Corra Group Cofounder. “Background checks not only protect a company’s reputation and provide a safe work environment, but also foster a culture of safety, compliance, and reliability for teams and customers.”

According to the U.S. Bureau of Labor, the U.S. economy added over 350,000 jobs last January, significantly surpassing forecasts. Failing to perform comprehensive background checks can lead to increased risk and turnover, costing companies time and resources. Corra Group’s streamlined background check services help companies hire with confidence, starting the year with safe, dependable, and qualified teams.

Background checks are especially important for New Year hiring, particularly after the holiday season. It is easy to move too quickly as the new year ramps up, and the post-holiday season is a great opportunity for employers to utilize background checks to reduce turnover costs, transition temporary holiday hires into permanent roles, and stay safe while expanding.

“January also typically brings the launch of hiring initiatives, restructuring, and expansion,” adds Gustavson. “This results in increased hiring and a need for integrity, professionalism, culture fit, and alignment with company values in new or expanded roles.”

2025 is also seeing many companies implementing stricter full-time Return To Office (RTO) mandates, a trend already underway at major organizations like Amazon, JPMorgan, Disney, Google, Boeing, and Apple. With employees transitioning from remote work to working full-time side by side in physical office spaces, businesses need to prioritize safety, trust, and a secure work environment. Corra Group offers a number of background check services including Criminal Checks, Nationwide Registered Sex Offender Search, Drug Testing & Alcohol ScreeningMotor Vehicle Records, Employment Verification and Social Media Background Screening.

“We hope everyone starts the new year right,” said Gustavson. “Stay safe and compliant, and we wish everyone a Happy New Year!”

About Corra Group:

Corra Group is a full-service background screening company that provides background checks and employment screening to clients throughout the United States and around the world. With over 20 years of experience, Corra Group’s goal is to help clients make informed decisions and provide a first-class candidate experience during the hiring process. It is also one of the few companies that will answer the phone. Corra Group is headquartered in El Segundo, California. To learn more, visit CorraGroup.com

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SOURCE Corra Group

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