ABILITY INC. overview

TEL AVIV, ISRAEL, Dec. 24, 2019 (GLOBE NEWSWIRE) -- Ability Inc. (Nasdaq: ABIL) (the “Company”), a leading provider of innovative tactical communications intelligence solutions, today announced that it received a letter, dated December 23, 2019, from the Nasdaq Hearings Panel of The Nasdaq Stock Market LLC informing the Company that the Panel has determined to delist the Company’s ordinary shares from the Nasdaq and will suspend trading in the shares effective at the open of business on...

TEL AVIV, ISRAEL, Dec. 03, 2019 (GLOBE NEWSWIRE) -- Ability Inc. (Nasdaq: ABIL) (the “Company”), a leading provider of innovative tactical and strategic communications intelligence solutions, today announced that on November 29, 2019, it has entered into, through its wholly-owned subsidiary Ability Computers and Software Industries Ltd. (“ACSI”), into new contracts for selling its strategic interception solutions. According to the contracts, ACSI is expected to receive fees in the...

TEL AVIV, ISRAEL, Nov. 08, 2019 (GLOBE NEWSWIRE) -- Ability Inc. (NASDAQ: ABIL) (the “Company”), a leading provider of innovative tactical communications intelligence solutions, today announced that on November 6, 2019, it received a determination letter (the “Letter”) from The Nasdaq Stock Market LLC (“Nasdaq”) indicating that it did not comply with the Listing Rule 5550(b) (the “Equity Rule”) for continued listing on the Nasdaq Capital Market, which requires the Company to have...

TEL AVIV, ISRAEL, Aug. 02, 2019 (GLOBE NEWSWIRE) -- Ability Inc. (NASDAQ: ABIL) (the “Company”), which provides innovative tactical communications intelligence solutions, today announced that today it has received notification from the Listing Qualifications Department of The Nasdaq Stock Market (the “Staff”) that the Company is not in compliance with the minimum bid price requirement set forth in Nasdaq’s Listing Rule 5550(a)(2). Nasdaq Listing Rule 5550(a)(2) requires listed...

TEL AVIV, ISRAEL, Jan. 15, 2019 (GLOBE NEWSWIRE) -- Ability Inc. (NASDAQ: ABIL) (TASE: ABIL) (the “Company”), which provides innovative tactical communications intelligence solutions, today announced the closing of the previously announced Stock Purchase Agreement, pursuant to which the Company purchased all the issued and outstanding shares of Telcostar Pte. Ltd., the supplier that develops and licenses to the Company on an exclusive basis Ultimate Interception (ULIN), the Company’s...

TEL AVIV, ISRAEL, Dec. 28, 2018 (GLOBE NEWSWIRE) -- Ability Inc. (NASDAQ: ABIL) (the “Company”), a provider of innovative tactical communications intelligence solutions, today announced that Anatoly Hurgin and Alexander Aurovsky, founders and officers and directors of the Company, have entered into an agreement with the Company pursuant to which the amount outstanding under the Company’s line of credit (NIS 5.5 million, or approximately $1.5 million), which is secured with funds of Messrs....

TEL AVIV, ISRAEL, Dec. 12, 2018 (GLOBE NEWSWIRE) -- Ability Inc. (NASDAQ: ABIL) (the “Company”), which provides innovative tactical communications intelligence solutions, today announced that, on December 11, 2018, it received a letter from The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it has regained compliance with the minimum shareholders’ equity requirement for continued listing on The Nasdaq Capital Market, as set forth in Nasdaq Listing Rule 5550(b)(1). As...

TEL AVIV, ISRAEL, Nov. 28, 2018 (GLOBE NEWSWIRE) -- Ability Inc. (Nasdaq: ABIL) (TASE: ABIL) (“Ability” or the “Company”), which provides innovative tactical communications intelligence solutions, announced the closing of a previously announced registered offering of 3,076,923 units, at a price of $3.25 per unit, to a single institutional purchaser. Each unit consists of (i) one ordinary share (or ordinary share equivalent), and (ii) a warrant to purchase one ordinary share. Ability...