ParaZero Given 180-Day Nasdaq Deadline to Restore $1 Share Price
ParaZero received a Nasdaq notice for noncompliance with the $1.00 minimum bid price requirement and must close at or above $1.00 for ten consecutive business days by November 2, 2026. Otherwise, it may obtain a second 180-day extension by meeting market value criteria, or face delisting.
1. Nasdaq Minimum Bid Price Notification
ParaZero Technologies Ltd. received a written notice from Nasdaq stating it is not in compliance with the minimum $1.00 bid price requirement under Listing Rule 5550(a)(2). The notice has no immediate effect on the company’s Nasdaq listing or trading of its ordinary shares.
2. Compliance Timeline and Potential Consequences
The company has 180 calendar days, until November 2, 2026, to regain compliance by achieving a closing bid of at least $1.00 per share for ten consecutive business days. If it fails to do so, ParaZero may secure a second 180-day extension by meeting market value of publicly held shares and all other initial listing standards, otherwise its shares could be subject to delisting.