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ParaZero Technologies Ltd., an aerospace company specializing in drone safety systems, has received a notification from the Nasdaq Stock Market indicating non-compliance with the minimum bid price requirement. The Nasdaq Listing Rule 5550(a)(2) mandates a minimum bid price of $1.00 per share, which ParaZero has fallen below. The company has until August 6, 2024, to regain compliance, which can be achieved if its shares maintain a closing bid price of at least $1.00 for ten consecutive business days. If ParaZero fails to meet the requirement within the initial 180-day period, it may be eligible for an additional 180 days if it meets other initial listing standards, except for the minimum bid price. The notice does not immediately affect ParaZero's listing or share trading on Nasdaq. The company, founded in 2014, is known for its autonomous parachute safety systems for drones and urban air mobility aircraft. The press release also contains forward-looking statements regarding efforts to regain compliance with Nasdaq's listing requirements.
ParaZero Technologies Ltd., an aerospace company specializing in drone safety systems, has received a notification from the Nasdaq Stock Market indicating non-compliance with the minimum bid price requirement. The Nasdaq Listing Rule 5550(a)(2) mandates a minimum bid price of $1.00 per share, which ParaZero has fallen below. The company has until August 6, 2024, to regain compliance, which can be achieved if its shares maintain a closing bid price of at least $1.00 for ten consecutive business days. If ParaZero fails to meet the requirement within the initial 180-day period, it may be eligible for an additional 180 days if it meets other initial listing standards, except for the minimum bid price. The notice does not immediately affect ParaZero's listing or share trading on Nasdaq. The company, founded in 2014, is known for its autonomous parachute safety systems for drones and urban air mobility aircraft. The press release also contains forward-looking statements regarding efforts to regain compliance with Nasdaq's listing requirements.
专门从事无人机安全系统的航空航天公司ParaZero Technologies Ltd. 已收到纳斯达克股票市场的通知，表明未遵守最低出价要求。《纳斯达克上市规则》第5550（a）（2）条规定最低出价为每股1.00美元，而ParaZero已跌破该价格。该公司必须在2024年8月6日之前恢复合规，如果其股票连续十个工作日将收盘价维持在至少1.00美元，则可以实现这一目标。如果ParaZero未能在最初的180天期限内满足要求，则如果符合其他初始上市标准，则可能有资格再延长180天，最低出价除外。该通知不会立即影响ParaZero在纳斯达克的上市或股票交易。该公司成立于2014年，以其无人机和城市空中机动飞机的自动降落伞安全系统而闻名。新闻稿还包含有关努力恢复遵守纳斯达克上市要求的前瞻性陈述。
专门从事无人机安全系统的航空航天公司ParaZero Technologies Ltd. 已收到纳斯达克股票市场的通知，表明未遵守最低出价要求。《纳斯达克上市规则》第5550（a）（2）条规定最低出价为每股1.00美元，而ParaZero已跌破该价格。该公司必须在2024年8月6日之前恢复合规，如果其股票连续十个工作日将收盘价维持在至少1.00美元，则可以实现这一目标。如果ParaZero未能在最初的180天期限内满足要求，则如果符合其他初始上市标准，则可能有资格再延长180天，最低出价除外。该通知不会立即影响ParaZero在纳斯达克的上市或股票交易。该公司成立于2014年，以其无人机和城市空中机动飞机的自动降落伞安全系统而闻名。新闻稿还包含有关努力恢复遵守纳斯达克上市要求的前瞻性陈述。
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