Polestar Receives Nasdaq Notice for Minimum Bid Price Non-Compliance

Polestar Automotive Holding UK PLC has received a notice from the Nasdaq Stock Market LLC indicating that the company is not in compliance with the $1.00 minimum bid price requirement as per Nasdaq Listing Rule 5450(a)(1). The company has 180 days, until April 29, 2026, to regain compliance by having the closing bid price of its American Depositary Shares (ADS) meet or exceed $1.00 per ADS for at least ten consecutive business days. If compliance is not achieved by this deadline, Polestar may be granted an additional 180 calendar days to meet the requirement. The notice does not immediately affect the listing of Polestar's securities, which will continue to trade on Nasdaq, provided the company meets other listing requirements.