Innoviz Technologies Ltd. announced on March 27 that it received a written notification from the Listing Qualifications Department of The Nasdaq Stock Market stating the company no longer meets the requirements of Nasdaq Listing Rule 5550(a)(2) due to its closing bid price falling below $1.00 per share for 30 consecutive business days.
The company said this notification does not immediately affect the listing of its shares, which will continue to trade on the Nasdaq Capital Market under the symbol “INVZ.” Innoviz has been granted a grace period of 180 days, until September 21, 2026, to regain compliance with the minimum bid price requirement. If during this period, the closing bid price is at least $1.00 per share for ten consecutive trading days, Innoviz will be considered back in compliance and the matter will be closed by Nasdaq. If compliance is not regained within this timeframe but other listing standards are met, an additional grace period may be possible subject to approval by Nasdaq staff.
The company stated it intends to monitor its share price and consider options to meet compliance before the deadline passes. Innoviz described itself as a global leader in LiDAR technology and a Tier-1 supplier serving automotive manufacturers across several regions including North America, Europe, and Asia.
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Forward-looking statements included in Innoviz’s announcement caution that predictions about regaining compliance are subject to risks and uncertainties detailed in filings with the U.S. Securities and Exchange Commission.
