AYRO receives Nasdaq delisting notice for minimum bid price non-compliance; 180-day cure period

Fabric.AI, Inc.

Nasdaq letter on Oct 3, 2022: AYRO's common stock failed minimum $1.00 bid price for 30 consecutive business days.
Compliance period ends April 3, 2023; must maintain $1.00 closing bid for 10 consecutive days.
If not cured, may be eligible for extra 180 days if meeting other initial listing standards.
No immediate impact; stock continues trading on Nasdaq Capital Market.

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