ParaZero Technologies Ltd. (NASDAQ: PRZO) received a notice from Nasdaq indicating the company does not meet the minimum bid price requirement of $1.00 per share for continued listing.

The aerospace defense company has been granted 180 calendar days, until November 2, 2026, to regain compliance with Nasdaq Listing Rule 5550(a)(2). ParaZero can regain compliance if its closing bid price reaches at least $1.00 for ten consecutive business days during this period.

If the company fails to meet the requirement within the initial 180-day period, it may be eligible for an additional 180-day compliance period, provided it meets other continued listing requirements for the Nasdaq Capital Market. The company would need to provide written notice of its intention to cure the deficiency during the second compliance period.

The notice does not immediately affect ParaZero's Nasdaq listing or trading of its ordinary shares. The company's shares will continue to trade on Nasdaq under the symbol "PRZO" during the grace period.

ParaZero, founded in 2014, develops autonomous solutions for manned and unmanned aerial systems. The company's products include SafeAir parachute recovery systems, DefendAir counter-drone platforms, and DropAir precision delivery systems.

The information is based on a company press release statement.