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Aeva Technologies, Inc. Receives Notice Regarding NYSE Continued Listing Standards

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MOUNTAIN VIEW, Calif. ~ Aeva Technologies, Inc. (NYSE: AEVA), a leader in next-generation sensing and perception systems, has received a notice from the New York Stock Exchange (the "NYSE") that it was not in compliance with the continued listing standard set forth in Section 802.01C of the NYSE's Listed Company Manual. This is due to the average closing price of the company's common stock being less than $1.00 per share over a consecutive 30 trading-day period.

The notice has no immediate impact on the listing of Aeva's common stock, which will remain listed and traded on the NYSE during the cure period, subject to Aeva's compliance with other continued listing requirements of the NYSE. Furthermore, this notice is not anticipated to impact Aeva's ongoing business operations or its reporting requirements with the U.S. Securities and Exchange Commission.

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In response to this notice, Aeva intends to consider a number of available alternatives to regain compliance with the applicable price criteria. The company can regain compliance with the average closing price requirement at any time during the six-month cure period if, on the last trading day of any calendar month during this period, Aeva has a closing share price of at least $1.00 and an average closing share price of at least $1.00 over the 30 trading-day period ending on that day.

Aeva's mission is to bring next-generation perception technology to applications such as automated driving, industrial robotics, consumer electronics, consumer health, security and more. Its groundbreaking sensing and perception technology integrates all key LiDAR components onto a silicon photonics chip in a compact module; allowing autonomous devices like vehicles and robots to make more intelligent and safe decisions by uniquely detecting instant velocity in addition to 3D position.

For more information about Aeva Technologies Inc., visit www.aeva.com or connect with them on X or LinkedIn
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