What was the root cause of the previous low share price non‑compliance, and has it been fully resolved?

Root cause of the prior non‑compliance

SmartRent’s earlier non‑compliance with the NYSE’s minimum‑share‑price requirement stemmed from the company’s stock trading below the NYSE’s $1‑per‑share threshold.

When a NYSE‑listed security’s price falls beneath this level, the exchange classifies the security as “deficient” under its continued‑listing rules. For SmartRent, the low price was the specific trigger that put the company out of compliance with the NYSE’s minimum share‑price listing standard.

Resolution status

The press release dated 2025‑08‑04 states that SmartRent has “regained compliance” with the NYSE’s continued‑listing criteria for minimum share price. This language indicates that the company has taken the necessary steps—typically a share‑price rally, a reverse stock split, or other capital‑structure actions—that have lifted the share price back above the $1 minimum. Consequently, the issue that caused the prior deficiency has been fully remedied, and SmartRent is now back in compliance with the NYSE’s listing standards.