Innoviz Technologies received a notification from Nasdaq granting an additional 180-day compliance period until March 22, 2027, to regain adherence to the $1.00 minimum bid price requirement. This extension follows the company's failure to meet the initial deadline of September 21, 2026, after its shares traded below the threshold for 30 consecutive business days starting March 25, 2026. Nasdaq confirmed the company meets all other listing standards, including market value requirements. The firm intends to monitor share prices and is considering a reverse stock split within previously approved shareholder limits to restore compliance before the new deadline expires. Innoviz Technologies Ltd. operates in the automotive technology industry, specializing in the development of high-performance 3D solid-state LiDAR sensors for autonomous driving systems.
