Innoviz Technologies Ltd. announced that it received a written notification from The Nasdaq Stock Market LLC on March 26, 2025, indicating non-compliance with Nasdaq Listing Rule 5450(a)(1). This rule requires a minimum closing bid price of $1.00 per share.
The non-compliance was triggered by the company's ordinary shares trading below $1.00 for 30 consecutive business days. Despite this, the notification has no immediate effect on the listing of the shares, which will continue to trade under the symbol 'INVZ' on the Nasdaq Capital Market.
Innoviz has been granted a grace period of 180 days, until September 22, 2025, to regain compliance with the minimum bid price requirement. The company intends to monitor its share price and consider options to meet the Nasdaq listing standards.
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