GlobeNewswire·Nov 11, 2026, 4:10 PM ET

Maris-Tech Announces Receipt of Nasdaq Minimum Bid Price Notification

Maris-Tech Ltd. received a notice from Nasdaq stating it is not in compliance with the minimum bid price requirement of $1.00 per share under Listing Rule 5550(a)(2).
The Company has been granted an 180-calendar-day grace period to regain compliance, with a deadline of May 10, 2027.
Trading of Maris-Tech ordinary shares (MTEK) & publicly traded warrants (MTEKW) will continue on the Nasdaq Capital Market during the grace period.
Compliance can be regained if the closing bid price reaches at least $1.00 for a minimum of ten consecutive business days.
Nasdaq may require the Company to maintain the $1.00 price for up to 20 consecutive business days to confirm long-term compliance.
If compliance is not met within the initial period, the Company may qualify for a second 180-day extension if it meets all other listing standards except the bid price.
Failure to demonstrate compliance by the end of the allotted periods will result in a notification that shares & warrants are subject to delisting.
Maris-Tech considers continued Nasdaq listing a key priority & intends to explore options to cure the deficiency, including a potential reverse share split.