Ondas Holdings (ONDS) said Tuesday it has received notice from the Nasdaq Stock Market that it has been granted an additional 180 days to regain compliance with Nasdaq's minimum bid price of $1.

The company was granted the extension based on a written notice of intent to cure the deficiency during the extended compliance period and it meeting all other applicable requirements for initial listing on the Nasdaq Capital Market.

The bid price of the company's common stock must close at $1 per share or more for at least 10 consecutive business days to achieve compliance.