GlobeNewswire·Nov 9, 2026, 4:02 PM ET

ParaZero Receives Additional 180-Day Extension from Nasdaq to Regain Compliance with Minimum Bid Price Requirement

ParaZero Technologies Ltd. (Nasdaq: PRZO) received a letter from Nasdaq on November 5, 2026, granting an additional 180-day compliance period to meet the $1.00 minimum bid price requirement.
The new deadline to regain compliance is May 3, 2027, following the expiration of the initial 180-day period on November 2, 2026, when the share price remained below $1.00 for 30 consecutive business days.
Nasdaq granted this extension because ParaZero met all other continued listing requirements, including market value of publicly held shares, & the company provided written notice of its intent to cure the deficiency via a reverse share split if necessary.
To regain compliance, the closing bid price must reach at least $1.00 per share for a minimum of 10 consecutive business days prior to May 3, 2027.
The announcement has no immediate effect on ParaZero's listing status or trading of its shares under the symbol "PRZO".
ParaZero intends to monitor the share price & consider options such as a reverse share split to regain compliance before the May 3, 2027 deadline.
The company states there is no assurance it will regain compliance with the bid price requirement or other Nasdaq listing criteria.