Polestar Automotive Holding Uk Plc PSNY

First Nasdaq and then

[ecolo101]

Another one when they will get under $1 threshold.....

Polestar Automotive Holding UK Acknowledges Receipt of Deficiency Notice from Nasdaq

Polestar Automotive Holding UK PLC announced that, as a consequence of not having filed its Annual Report on Form 20-F for the fiscal year ended 31 December 2023, the Company has received a deficiency notice from The Nasdaq Stock Market, LLC confirming that it is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of all required periodic financial reports with the U.S. Securities and Exchange Commission. The Notice has no immediate impact on the listing of the Company's securities, which will continue to trade on Nasdaq, subject to the Company's continued compliance with the other listing requirements. Under the Nasdaq Listing Rules, the Company has 60 calendar days from the date of the Notice to submit a plan of compliance to Nasdaq. If Nasdaq accepts the plan, the Company may be granted up to an additional 180 calendar days from the due date of the Form 20-F, or until 11 November 2024, to regain compliance. The Company has received consent to its requested waiver from lenders under its USD 950m three-year loan facility for the late filing of the Annual Report on Form 20-F and is fully committed to regaining compliance and satisfying all of Nasdaq's listing requirements.

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