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TEL AVIV - Innoviz Technologies Ltd. (NASDAQ:INVZ), a supplier of automotive-grade LiDAR sensors and perception software, has regained compliance with Nasdaq’s minimum bid price requirement, the company announced Thursday. The company’s stock, currently trading at $1.50, has shown strong momentum with a 64.6% return over the past year, according to InvestingPro data.
The compliance was achieved after Innoviz’s ordinary shares maintained a closing bid price of at least $1.00 for 10 consecutive business days from June 17 to July 1, 2025, well ahead of the September 22, 2025 deadline set by Nasdaq.
Nasdaq Listing Qualifications Staff has notified the company that it has determined Innoviz has regained compliance with Nasdaq Listing Rule 5550(a)(2), and the matter is now closed, according to the company’s press release.
The initial notice regarding non-compliance was received by Innoviz from Nasdaq on March 26, 2025. Companies listed on Nasdaq must maintain a minimum bid price of $1.00 per share to remain in compliance with listing requirements.
Innoviz describes itself as a Tier-1 supplier to automotive manufacturers, providing LiDAR technology and perception software for autonomous vehicles. The company operates across the United States, Europe, and Asia.
In other recent news, Innoviz Technologies Ltd. has entered into a significant agreement with a top global automotive manufacturer to provide LiDAR technology for a Level 3 autonomous driving system. This collaboration involves Innoviz developing and delivering several hundred units of its InnovizTwo LiDAR starting in the second quarter of 2025. The LiDAR will be integrated into the automaker’s next-generation "eyes-off" driving system, slated for production in 2027. Financial details of the agreement were not disclosed, but this development marks a notable step in the advancement of autonomous vehicle technology.
Additionally, Innoviz has launched a new LiDAR sensor, InnovizSMART Long-Range, designed for smart city applications. This sensor offers long-range detection up to 400 meters and integrates Power over Ethernet for ease of installation, making it suitable for urban environments. The InnovizSMART Long-Range aims to enhance safety and efficiency in smart infrastructure while ensuring privacy by capturing spatial data without identifying personal characteristics. These recent developments highlight Innoviz’s ongoing commitment to innovation in both the automotive and smart city sectors.
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