Announcement of receipt of notice from Nasdaq regarding minimum bid price requirement
Polestar Automotive Holding UK Limited - Class A ADS (PSNY)
Company Research
Source: Business Wire
GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) has received notice from the Nasdaq Stock Market LLC that the Company is not currently in compliance with the $1.00 minimum bid price requirement, as set forth in Nasdaq Listing Rule 5450(a)(1).This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251031410729/en/Polestar line-upThe Notice indicated that, consistent with Nasdaq Listing Rule 5810(c)(3)(A), the Company has 180 days, or until 29 April 2026, to regain compliance, by having the closing bid price of the Company’s ADSs meet or exceed $1.00 per ADS for at least ten consecutive business days.If the Company does not regain compliance by the Compliance Deadline, the Company may be afforded an additional 180 calendar day period to regain compliance as provided by the Nasdaq Listing Rules.The Notice has no immediate impact on the listing of the Company's securities, which will continue to trade on Nasdaq, subject
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News
- Polestar announces date for implementation of ADS ratio change from 1:1 to 1:30 ordinary sharesBusiness Wire
- Polestar Automotive Holding UK (NASDAQ:PSNY) had its "sell (e+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Polestar Automotive Holding UK (NASDAQ:PSNY) was downgraded by analysts at Zacks Research from a "hold" rating to a "strong sell" rating.MarketBeat
- Polestar Announces Plan to Implement ADS Ratio Change From 1:1 to 1:30 Ordinary SharesBusiness Wire
- Polestar reports 49% revenue growth in the first nine months of 2025Business Wire