PRZO · ParaZero Technologies Ltd.

ParaZero Technologies Ltd., an aerospace defense company focused on drone safety and counter-UAS solutions, disclosed receiving a formal notice from Nasdaq indicating non-compliance with the minimum bid price listing rule, which mandates a $1.00 per share closing bid price. This notification triggers a structured compliance process under Nasdaq rules, starting with a 180-day grace period ending November 2, 2026. Regaining compliance requires the ordinary shares to close at or above $1.00 for at least 10 consecutive business days during this window, after which Nasdaq would issue written confirmation and close the matter. If unsuccessful, ParaZero may qualify for an additional 180-day extension provided it satisfies market value of publicly held shares and other initial listing criteria for the Nasdaq Capital Market, excluding the bid price issue, and notifies Nasdaq of its intent to cure. Failure to comply within the allotted periods could lead to delisting proceedings. Importantly, the notice imposes no immediate restrictions, allowing PRZO shares to continue trading uninterrupted on Nasdaq. This development highlights share price pressures but provides a clear path and timeline for resolution, with management expressing forward-looking intent to address the deficiency.