Innoviz Technologies regains compliance with Nasdaq listing requirement

Innoviz Technologies (INVZ) received formal written confirmation from Nasdaq confirming that the company has regained compliance with Nasdaq’s minimum bid price requirement. The regaining of compliance is a result of the company’s closing bid price of the company’s ordinary shares being at least $1.00 for at least 10 consecutive business days prior to the September 22 deadline, as described in the initial notice from Nasdaq to the company dated March 26. The closing bid price of the shares has been at $1.00 per Share or greater for 10 consecutive business days from June 17 to July 1. The matter is now closed.