ParaZero Gets Nasdaq Compliance Extension

ParaZero Technologies Ltd. (PRZO) has released an update.

ParaZero Technologies Ltd., an innovator in drone safety systems, has been granted an additional 180 days to comply with Nasdaq’s minimum $1 bid price per share requirement, with a new deadline set for February 3, 2025. The company, which previously failed to meet the bid price standard, now aims to achieve compliance by having its share price close at or above $1 for at least 10 consecutive trading days. ParaZero specializes in developing autonomous parachute safety systems for commercial drones and urban air mobility, supporting safe flight operations in populated areas.

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