Innoviz Announces Receipt of Nasdaq Non-Compliance Letter
Innoviz Announces Receipt of Nasdaq Non-Compliance Letter
TEL AVIV, Israel, Aug. 2, 2024 /PRNewswire/ -- Innoviz Technologies Ltd. (Nasdaq: INVZ) (the "Company" or "Innoviz"), a leading Tier-1 direct supplier of high-performance, automotive-grade LiDAR sensors and perception software, announced today that it has received a written notification from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") dated July 30, 2024, indicating that the Company no longer satisfies Nasdaq Listing Rule 5450(a)(1) based upon a closing bid price of less than $1.00 per share for the Company's ordinary shares (the "Shares") for the prior 30 consecutive business day period.
Innoviz Technologies Ltd.（Nasdaq: INVZ）是一家领先的一线供应高性能，汽车级激光雷达传感器和感知软件的供应商。2024年7月30日，Innoviz收到了纳斯达克证券市场（Nasdaq）上市资格部门的书面通知，该通知表明公司的普通股（"Shares"）在过去30个连续交易日内收盘买盘价格低于$1.00。这并不会对公司股票的上市造成直接影响，股票将继续在纳斯达克资本市场上交易，股票代码为"INVZ"。
The notification from Nasdaq has no immediate effect on the listing of the Shares, and the Shares will continue to trade on the Nasdaq Capital Market under the symbol "INVZ".
根据纳斯达克上市规则5810（c）（3）（A），公司将获得180天的宽限期，即2025年1月27日，以满足纳斯达克上市规则下的最低买盘价格要求。如果在此180天的宽限期内，股票的收盘买盘价格每份股数为$1.00或更高，并连续交易十个交易日，则纳斯达克将书面确认合规，并将此事结案。如果公司在180天的宽限期内没有恢复合规性，并且符合所有其他上市标准和要求，则Nasdaq工作人员可以决定给予公司另外180天的宽限期。公司打算在此宽限期内监测其股票的收盘买盘价格，并考虑各种方案以符合纳斯达克资本市场的最低买盘价格要求。
Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company is provided with a grace period of 180 days, or until January 27, 2025, to meet the minimum bid price requirement under the Nasdaq Listing Rules. If at any time during the 180-day grace period, the closing bid price of the Shares is $1.00 per Share or higher for at least ten consecutive trading days, Nasdaq will provide the Company written confirmation of compliance and the matter will be closed. In the event the Company does not regain compliance within the 180-day grace period, and it meets all other listing standards and requirements, the Company may be eligible for an additional 180-day grace period, subject to determination by the staff of Nasdaq. The Company intends to monitor the closing bid price of its Shares during this grace period and will consider its options in order to regain compliance with The Nasdaq Capital Market minimum bid price requirement.
Innoviz是全球激光雷达技术领域的领先者，是全球领先汽车制造商的一线供应商，致力于实现世界上安全的自动驾驶汽车。Innoviz的激光雷达和感知软件比人类司机更加敏锐，并能降低出错的可能性，满足了汽车行业对性能和安全性的最高期望。Innoviz在美国，欧洲和亚洲开展业务，已被国际知名高端汽车品牌选用在消费级汽车中，并被其他商业和工业领袖选用于广泛的用例。有关更多信息，请访问innoviz.tech com。此公告包含某些前瞻性陈述，包括有关公司股票在纳斯达克上市及我们恢复符合适用纳斯达克规定的能力的陈述。这些前瞻性陈述通常由"相信"，"项目"，"期望"，"预计"，"估计"，"打算"，"策略"，"未来"，"机会"，"计划"，"可能"，"应该"，"将"，"将会"，"将继续"，"将有可能结果"等词汇识别。前瞻性陈述是关于将来事件的预测，预计和其他陈述，基于当前期望和假设，因此，受到风险和不确定性的影响。许多因素可能导致此公告中的前瞻性陈述与实际将来的事件产生实质性差异。您应慎重考虑此类风险以及在2024年3月12日提交给美国证券交易委员会（SEC）的Innoviz年度20-F报告以及Innoviz不时提交给SEC的其他文件中描述的其他重要风险和不确定性。这些提交确定和解决了其他重要的风险和不确定性，这些风险和不确定性可能导致实际事件和结果与前瞻性陈述中包含的事件和结果实质性不同。前瞻性陈述仅在其发布之日有效。读者应谨慎考虑前瞻性陈述，Innoviz也不保证或打算更新或修订这些前瞻性陈述，无论是因为有新信息，未来事件还是其他原因。Innoviz不保证其将实现其期望。
About Innoviz
关于Innoviz
Innoviz is a global leader in LiDAR technology, serving as a Tier-1 supplier to the world's leading automotive manufacturers and working towards a future with safe autonomous vehicles on the world's roads. Innoviz's LiDAR and perception software "see" better than a human driver and reduce the possibility of error, meeting the automotive industry's strictest expectations for performance and safety. Operating across the U.S., Europe, and Asia, Innoviz has been selected by internationally recognized premium car brands for use in consumer vehicles as well as by other commercial and industrial leaders for a wide range of use cases. For more information, visit innoviz.tech.com.
Innoviz是全球激光雷达技术领域的领先者，是全球领先汽车制造商的一线供应商，致力于实现世界上安全的自动驾驶汽车。Innoviz的激光雷达和感知软件比人类司机更加敏锐，并能降低出错的可能性，满足了汽车行业对性能和安全性的最高期望。Innoviz在美国，欧洲和亚洲开展业务，已被国际知名高端汽车品牌选用在消费级汽车中，并被其他商业和工业领袖选用于广泛的用例。有关更多信息，请访问innoviz.tech。.com。
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Forward Looking Statements
前瞻性声明
This announcement contains certain forward-looking statements within the meaning of the federal securities laws, including statements regarding the listing of the Company's shares on Nasdaq and our ability to regain compliance with applicable Nasdaq rules. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this announcement. You should carefully consider such risk and the other risks and uncertainties described in Innoviz's annual report on Form 20-F filed with the U.S. Securities and Exchange Commission ("SEC") on March 12, 2024 and other documents filed by Innoviz from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Innoviz assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Innoviz gives no assurance that it will achieve its expectations.
此公告包含某些前瞻性陈述，包括有关公司股票在纳斯达克上市及我们恢复符合适用纳斯达克规定的能力的陈述。这些前瞻性陈述通常由"相信"，"项目"，"期望"，"预计"，"估计"，"打算"，"策略"，"未来"，"机会"，"计划"，"可能"，"应该"，"将"，"将会"，"将继续"，"将有可能结果"等词汇识别。前瞻性陈述是关于将来事件的预测，预计和其他陈述，基于当前期望和假设，因此，受到风险和不确定性的影响。许多因素可能导致此公告中的前瞻性陈述与实际将来的事件产生实质性差异。您应慎重考虑此类风险以及在2024年3月12日提交给美国证券交易委员会（SEC）的Innoviz年度20-F报告以及Innoviz不时提交给SEC的其他文件中描述的其他重要风险和不确定性。这些提交确定和解决了其他重要的风险和不确定性，这些风险和不确定性可能导致实际事件和结果与前瞻性陈述中包含的事件和结果实质性不同。前瞻性陈述仅在其发布之日有效。读者应谨慎考虑前瞻性陈述，Innoviz也不保证或打算更新或修订这些前瞻性陈述，无论是因为有新信息，未来事件还是其他原因。Innoviz不保证其将实现其期望。
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