ParaZero Regains Nasdaq Compliance, Secures Position on Capital Market
ParaZero Technologies (Nasdaq: PRZO), an aerospace company specializing in safety systems for defense and commercial drones and urban air mobility aircraft, has announced regaining compliance with Nasdaq’s minimum bid price requirement. The company received confirmation from Nasdaq that it has met the listing standard by maintaining a closing bid price of $1.00 or higher for 10 consecutive trading days from November 29 through December 12, 2024. This resolution ensures ParaZero’s continued listing on the Nasdaq Capital Market, with Nasdaq considering the previous bid price deficiency matter closed.
ParaZero Technologies (Nasdaq: PRZO), un’azienda aerospaziale specializzata in sistemi di sicurezza per droni di difesa e commerciali e per velivoli di mobilità aerea urbana, ha annunciato di aver riguadagnato la conformità ai requisiti di prezzo minimo delle azioni di Nasdaq. L’azienda ha ricevuto conferma da Nasdaq di aver rispettato lo standard di quotazione mantenendo un prezzo di chiusura non inferiore a $1.00 per 10 giorni di trading consecutivi dal 29 novembre al 12 dicembre 2024. Questa risoluzione garantisce il continuo mantenimento della lista di ParaZero nel Nasdaq Capital Market, con Nasdaq che considera chiusa la questione della carenza di prezzo delle offerte precedente.
ParaZero Technologies (Nasdaq: PRZO), una empresa aeroespacial especializada en sistemas de seguridad para drones de defensa y comerciales, así como para aeronaves de movilidad aérea urbana, ha anunciado que ha recuperado el cumplimiento del requisito de precio mínimo de oferta de Nasdaq. La empresa recibió confirmación de Nasdaq de que ha cumplido con el estándar de cotización al mantener un precio de oferta de cierre de $1.00 o superior durante 10 días de negociación consecutivos, desde el 29 de noviembre hasta el 12 de diciembre de 2024. Esta resolución garantiza la continuación de la lista de ParaZero en el Nasdaq Capital Market, con Nasdaq considerando cerrada la cuestión de la deficiencia del precio de oferta anterior.
ParaZero Technologies (Nasdaq: PRZO)는 방어 및 상업용 드론과 도시 항공 모빌리티 항공기를 위한 안전 시스템을 전문으로 하는 항공 우주 회사로, Nasdaq의 최소 주가 요건을 충족했다고 발표했습니다. 이 회사는 2024년 11월 29일부터 12월 12일까지 10일 연속으로 $1.00 이상의 종가를 유지하여 상장 기준을 충족했음을 Nasdaq으로부터 확인 받았습니다. 이 결의안은 ParaZero가 Nasdaq Capital Market에 계속 상장될 수 있도록 보장하며, Nasdaq은 이전의 주가 부족 문제를 종료된 것으로 간주하고 있습니다.
ParaZero Technologies (Nasdaq: PRZO), une entreprise aérospatiale spécialisée dans les systèmes de sécurité pour drones de défense et commerciaux ainsi que pour les aéronefs de mobilité aérienne urbaine, a annoncé avoir retrouvé sa conformité avec les exigences de prix minimum de Nasdaq. L’entreprise a reçu la confirmation de Nasdaq qu’elle avait respecté les critères de cotation en maintenant un prix d’offre de clôture de 1,00 $ ou plus pendant 10 jours de trading consécutifs, du 29 novembre au 12 décembre 2024. Cette résolution garantit le maintien de la liste de ParaZero sur le Nasdaq Capital Market, Nasdaq considérant l’affaire précédente concernant la carence de prix comme close.
ParaZero Technologies (Nasdaq: PRZO), ein Luft- und Raumfahrtunternehmen, das sich auf Sicherheitssysteme für Verteidigungs- und Handelsdrohnen sowie für städtische Luftmobilitätsflugzeuge spezialisiert hat, hat bekannt gegeben, dass es die Anforderungen an den Mindestpreis von Nasdaq wieder erfüllt. Das Unternehmen erhielt die Bestätigung von Nasdaq, dass es den Listungsstandards genügt, indem es einen Schlusskurs von $1,00 oder mehr für 10 aufeinanderfolgende Handelstage vom 29. November bis zum 12. Dezember 2024 aufrechterhielt. Diese Entscheidung garantiert die fortlaufende Listung von ParaZero im Nasdaq Capital Market, wobei Nasdaq die vorherige Frage des Preisdefizits als abgeschlossen betrachtet.
Positive
- Regained Nasdaq listing compliance, eliminating delisting risk
- Maintained share price above $1.00 for required period
- Continues trading on Nasdaq Capital Market without restrictions
Negative
- Previous trading below $1.00 minimum bid requirement indicates recent stock price weakness
Insights
This compliance achievement with Nasdaq’s minimum bid price requirement is a critical development for ParaZero, removing a significant near-term risk of delisting. While this news stabilizes the company’s listing status, it’s important to note that maintaining compliance remains an ongoing challenge for micro-cap companies like ParaZero, with a market cap of only
Tel Aviv, Israel, Dec. 16, 2024 (GLOBE NEWSWIRE) — ParaZero Technologies Ltd. (Nasdaq: PRZO) (the “Company” or “ParaZero”), an aerospace company focused on safety systems for defense and commercial drones and urban air mobility aircraft, today announced that it has received a written notice from Nasdaq Stock Market LLC (“Nasdaq”)informing the Company that it has regained compliance with the minimum bid price requirement for continued listing set forth in Nasdaq Listing Rule 5550(a)(2). ParaZero is now in compliance with all applicable listing standards and its ordinary shares will continue to be listed and traded on the Nasdaq Capital Market.
To regain compliance with the minimum bid price requirement, the Company was required to maintain a minimum closing bid price of
About ParaZero Technologies
ParaZero (Nasdaq: PRZO) is a leading developer of autonomous parachute safety systems technologies for commercial and military platforms as well as for urban air mobility (UAM) aircraft. Started in 2014 by a passionate group of aviation professionals and drone industry veterans, ParaZero develops and manufactures smart, autonomous parachute safety systems designed to enable safe flight operations over populated areas and beyond-visual-line-of-sight (BVLOS) as well as for various military applications including Counter UAS. For more information about ParaZero, please visit
Forward- looking statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act and other securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. Forward-looking statements are not historical facts, and are based upon management’s current expectations, beliefs and projections, many of which, by their nature, are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. However, there can be no assurance that management’s expectations, beliefs and projections will be achieved, and actual results may differ materially from what is expressed in or indicated by the forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s reports filed from time to time with the Securities and Exchange Commission (“SEC”), including, but not limited to, the risks detailed in the Company’s annual report on From 20-F for the year ended December 31, 2023. Forward- looking statements speak only as of the date the statements are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws. If the Company does update one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. ParaZero is not responsible for the content of third-party websites.
Investor Relations Contact:
Michal Efraty
Investor Relations
[email protected]
FAQ
How did ParaZero (PRZO) regain Nasdaq compliance in December 2024?
ParaZero regained compliance by maintaining a closing bid price above $1.00 for 10 consecutive trading days from November 29 to December 12, 2024, meeting Nasdaq’s minimum bid price requirement.
What was the minimum share price requirement for PRZO to maintain Nasdaq listing?
PRZO needed to maintain a minimum closing bid price of $1.00 or more for at least 10 consecutive trading days to comply with Nasdaq Listing Rule 5550(a)(2).
What is the impact of Nasdaq compliance on PRZO shareholders?
Regaining compliance ensures PRZO continues trading on the Nasdaq Capital Market, maintaining better visibility and liquidity for shareholders while eliminating delisting risk.
When did PRZO meet the Nasdaq minimum bid price requirement?
PRZO met the requirement during the period from November 29, 2024, through December 12, 2024, maintaining the required share price for 10 consecutive trading days.
