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

Kfar Saba, Israel, Nov. 09, 2026 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the “Company” or “ParaZero”), an aerospace defense company pioneering smart, autonomous solutions for the global manned and unmanned aerial systems (UAS) industry, today announced that on November 5, 2026, it received a letter from the Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company has been granted an additional 180 calendar days, or until May 3, 2027, to regain compliance with the minimum $1.00 per share bid price requirement for continued listing on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2).

As previously disclosed, on May 5, 2026, Nasdaq notified the Company that the closing bid price of its ordinary shares had been below $1.00 per share for 30 consecutive business days. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company was provided an initial compliance period of 180 calendar days, which ended on November 2, 2026. The Company did not regain compliance with the minimum $1.00 bid price per share requirement during the first 180-calendar-day compliance period.