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）是一家領先的一線供應高性能，汽車級激光雷達傳感器和感知軟件的供應商。2024年7月30日，Innoviz收到了納斯達克證券市場（Nasdaq）上市資格部門的書面通知，該通知表明公司的普通股（"Shares"）在過去30個連續交易日內收盤買盤價格低於$1.00。這並不會對公司股票的上市造成直接影響，股票將繼續在納斯達克資本市場上交易，股票代碼爲"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".
根據納斯達克上市規則5810（c）（3）（A），公司將獲得180天的寬限期，即2025年1月27日，以滿足納斯達克上市規則下的最低買盤價格要求。如果在此180天的寬限期內，股票的收盤買盤價格每份股數爲$1.00或更高，並連續交易十個交易日，則納斯達克將書面確認合規，並將此事結案。如果公司在180天的寬限期內沒有恢復合規性，並且符合所有其他上市標準和要求，則Nasdaq工作人員可以決定給予公司另外180天的寬限期。公司打算在此寬限期內監測其股票的收盤買盤價格，並考慮各種方案以符合納斯達克資本市場的最低買盤價格要求。
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是全球激光雷達技術領域的領先者，是全球領先汽車製造商的一線供應商，致力於實現世界上安全的自動駕駛汽車。Innoviz的激光雷達和感知軟件比人類司機更加敏銳，並能降低出錯的可能性，滿足了汽車行業對性能和安全性的最高期望。Innoviz在美國，歐洲和亞洲開展業務，已被國際知名高端汽車品牌選用在消費級汽車中，並被其他商業和工業領袖選用於廣泛的用例。有關更多信息，請訪問innoviz.tech com。此公告包含某些前瞻性陳述，包括有關公司股票在納斯達克上市及我們恢復符合適用納斯達克規定的能力的陳述。這些前瞻性陳述通常由"相信"，"項目"，"期望"，"預計"，"估計"，"打算"，"策略"，"未來"，"機會"，"計劃"，"可能"，"應該"，"將"，"將會"，"將繼續"，"將有可能結果"等詞彙識別。前瞻性陳述是關於將來事件的預測，預計和其他陳述，基於當前期望和假設，因此，受到風險和不確定性的影響。許多因素可能導致此公告中的前瞻性陳述與實際將來的事件產生實質性差異。您應慎重考慮此類風險以及在2024年3月12日提交給美國證券交易委員會（SEC）的Innoviz年度20-F報告以及Innoviz不時提交給SEC的其他文件中描述的其他重要風險和不確定性。這些提交確定和解決了其他重要的風險和不確定性，這些風險和不確定性可能導致實際事件和結果與前瞻性陳述中包含的事件和結果實質性不同。前瞻性陳述僅在其發佈之日有效。讀者應謹慎考慮前瞻性陳述，Innoviz也不保證或打算更新或修訂這些前瞻性陳述，無論是因爲有新信息，未來事件還是其他原因。Innoviz不保證其將實現其期望。
About Innoviz
關於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是全球激光雷達技術領域的領先者，是全球領先汽車製造商的一線供應商，致力於實現世界上安全的自動駕駛汽車。Innoviz的激光雷達和感知軟件比人類司機更加敏銳，並能降低出錯的可能性，滿足了汽車行業對性能和安全性的最高期望。Innoviz在美國，歐洲和亞洲開展業務，已被國際知名高端汽車品牌選用在消費級汽車中，並被其他商業和工業領袖選用於廣泛的用例。有關更多信息，請訪問innoviz.tech。.com。
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Forward Looking Statements
前瞻性聲明
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陳述，包括有關公司股票在納斯達克上市及我們恢復符合適用納斯達克規定的能力的陳述。這些前瞻性陳述通常由"相信"，"項目"，"期望"，"預計"，"估計"，"打算"，"策略"，"未來"，"機會"，"計劃"，"可能"，"應該"，"將"，"將會"，"將繼續"，"將有可能結果"等詞彙識別。前瞻性陳述是關於將來事件的預測，預計和其他陳述，基於當前期望和假設，因此，受到風險和不確定性的影響。許多因素可能導致此公告中的前瞻性陳述與實際將來的事件產生實質性差異。您應慎重考慮此類風險以及在2024年3月12日提交給美國證券交易委員會（SEC）的Innoviz年度20-F報告以及Innoviz不時提交給SEC的其他文件中描述的其他重要風險和不確定性。這些提交確定和解決了其他重要的風險和不確定性，這些風險和不確定性可能導致實際事件和結果與前瞻性陳述中包含的事件和結果實質性不同。前瞻性陳述僅在其發佈之日有效。讀者應謹慎考慮前瞻性陳述，Innoviz也不保證或打算更新或修訂這些前瞻性陳述，無論是因爲有新信息，未來事件還是其他原因。Innoviz不保證其將實現其期望。
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