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Innoviz Technologies Receives Nasdaq Minimum Bid Price Non-Compliance Notice
Innoviz Technologies (INVZ), a supplier of automotive LiDAR systems, received a Nasdaq notice for failing to meet the $1.00 minimum bid price requirement. The company stock has traded below $1.00 for 30 consecutive trading days, triggering an initial 180-day grace period to regain compliance. Analysts currently rate INVZ as a Sell, citing weak financials and persistent cash burn despite anticipated growth.