ParaZero Announces Receipt of Nasdaq Minimum Bid Price Notification

Core Points - ParaZero Technologies Ltd. has received a notice from Nasdaq indicating non-compliance with the minimum bid price requirement of $1.00 per share [1][2] - The company has a compliance period of 180 calendar days, until October 7, 2025, to regain compliance by maintaining a closing bid price of at least$1.00 for ten consecutive business days [2] - If compliance is not regained within the initial period, the company may be eligible for an additional 180-day compliance period under certain conditions [2] - The notice does not have an immediate effect on the company's Nasdaq listing or trading of its shares, which will continue to trade under the symbol "PRZO" during the grace period [3] Company Overview - ParaZero Technologies is an aerospace company focused on safety systems for commercial unmanned aerial systems and counter UAS systems [4] - The company was founded in 2014 by aviation professionals and drone industry veterans, specializing in smart, autonomous parachute safety systems [4]