AYRO receives Nasdaq deficiency notice for bid price below $1.00; 180-day cure period until Jan 14, 2025

Fabric.AI, Inc.

Nasdaq notified AYRO on July 18, 2024, that its common stock failed to meet the $1.00 minimum bid price for 30 consecutive business days.
Compliance period of 180 calendar days, until January 14, 2025, to regain compliance.
To cure, AYRO's stock must close at $1.00 or higher for at least ten consecutive business days.
If not cured by Jan 14, AYRO may seek an additional 180-day period by meeting other listing standards and proposing a reverse stock split.
The notice has no immediate effect on AYRO's Nasdaq listing; stock continues to trade.

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