Overview
- Nasdaq notified Polestar that it is out of compliance with the exchange’s minimum $1 bid-price rule after a prolonged drop below the threshold.
- The notice sets an April 29, 2026 deadline to regain compliance by achieving a closing price of at least $1 for ten consecutive trading days.
- Polestar’s U.S.-listed shares closed around $0.84 on Friday after steep multi‑year declines from post‑SPAC highs.
- If the requirement is not met by the deadline, the company said it may receive an additional 180‑day extension.
- Reports note options such as a reverse stock split as Polestar faces a repeat compliance lapse, operational strain, and tough competition from Tesla and BYD.