Polestar receives nasdaq notice for minimum bid price requirement

Polestar (NASDAQ: PSNY) received notice from Nasdaq Stock Market LLC that the company does not comply with the $1.00 minimum bid price requirement under Nasdaq Listing Rule 5450(a)(1).

The Swedish electric vehicle manufacturer has 180 days, until April 29, 2026, to regain compliance by maintaining a closing bid price of $1.00 or higher for at least ten consecutive business days, according to the notice.

If Polestar fails to meet the compliance deadline, the company may receive an additional 180-day period to regain compliance under Nasdaq listing rules.

The notice does not immediately affect the listing of Polestar's securities, which will continue trading on Nasdaq provided the company maintains compliance with other listing requirements.

Polestar, headquartered in Gothenburg, Sweden, sells electric vehicles in 28 markets across North America, Europe, and Asia Pacific. The company's current lineup includes the Polestar 2, Polestar 3, Polestar 4, and Polestar 5 models.

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