Cimatron still has some time; the price needs to reach $1 for just ten days by March 15 of next year. Even then, the company can get another 6-month grace period. After all, NASDAQ doesn't necessarily want to lose a paying customer.
Cimatron says it's "examining several potential courses of action." This could include buying up shares or moving to another stock exchange.
The Cimatron product line includes the CimatronE and GibbsCAM.