Vicarious Surgical (RBOT) said Friday that it received a non-compliance notice from the New York Stock Exchange for failing to maintain average market capitalization of $50 million over a 30-day period and stockholders' equity of $50 million.

The company said it has 45 days to submit a plan on how it expects to return to compliance within 18 months. The exchange will initiate delisting proceedings if the firm fails to submit the plan on a timely basis or if it is not accepted, Vicarious added.