Innoviz Technologies Ltd. announced that it has received formal written confirmation from The Nasdaq Stock Market, LLC, confirming its regained compliance with Nasdaq's minimum bid price requirement.
The company's ordinary shares maintained a closing bid price of at least $1.00 for 10 consecutive business days, specifically from December 16 to December 30, 2024. This action resolves the initial notice of non-compliance issued by Nasdaq.
As a result of achieving this sustained bid price, Nasdaq Listing Qualifications Staff has determined that Innoviz has regained compliance with Nasdaq Listing Rule 5550(a)(2), and the matter is now officially closed.
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