Innoviz Technologies Ltd. received a Nasdaq non-compliance letter on March 27, 2026, due to its share price falling below $1.00 for 30 consecutive business days. The company has a 180-day grace period until September 21, 2026, to regain compliance, during which the listing remains unaffected.
Key takeaways
Innoviz received a Nasdaq non-compliance letter dated March 25, 2026.
The non-compliance is due to the closing bid price being below $1.00 per share for 30 consecutive business days.
The company has a 180-day grace period until September 21, 2026, to meet the minimum bid price requirement.
Compliance can be regained if the share price closes at $1.00 or higher for at least ten consecutive trading days during the grace period.
If compliance is not regained within 180 days, the company may be eligible for an additional 180-day grace period, subject to Nasdaq's determination.
The company intends to monitor its share price and consider options to regain compliance.