Polestar faces potential Nasdaq delisting due to late 2023 and Q1 2024 financial report submission.
Chinese-Swedish EV maker Polestar faces potential Nasdaq delisting if it fails to submit full-year 2023 and Q1 2024 financial reports. The company has 60 days to submit a plan of compliance, with up to 180 days to regain compliance to avoid delisting. Polestar shares have fallen from $5.46 in Nov 2021 to $0.15, with layoffs and stake sales adding to its financial challenges.
May 20, 2024
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