A2Z Smart Technologies receives Nasdaq notices of non-compliance

A2Z Smart Technologies announced that the company received notices from the Nasdaq Stock Market on April 24, notifying the company that it is not in compliance with Nasdaq’s minimum bid price requirement and minimum market value of listed securities requirement. Receipt of these notices does not impact the company’s listing on Nasdaq at this time. The company intends to monitor its bid price and MVLS between now and October 21, and intends to cure the deficiencies within the prescribed grace period. During this time, the company expects that the common shares of the company will continue to be listed and trade on Nasdaq. The company’s management is looking into various options available to regain compliance and maintain its continued listing. The company’s business operations are not affected by the receipt of either notice letter.