polestar Faces Potential Delisting from Nasdaq, Share Price Below $1.00
NEW YORK - Polestar, the Swedish-American electric vehicle manufacturer, has received a second notice from Nasdaq indicating it is not in compliance with the exchange’s minimum bid price requirement of $1.00 per share. The notification, announced Friday, gives the company untill April 29, 2026 – a period of 180 days - to regain compliance by achieving ten consecutive trading days with a closing share price at or above $1.00.
Polestar’s share price closed at $0.84 on friday, representing a 19.5 percent decline year-to-date. While the company may be eligible for an additional 180-day extension, this marks the second time in less than a year Polestar has faced scrutiny over its share price. Nasdaq issued a similar warning in July 2024.
The company also previously faced potential delisting due to delays in filing its annual report with the Securities and Exchange commission (SEC).
Despite the stock concerns, Polestar reported a 36 percent increase in vehicle sales during the first nine months of 2025, delivering 44,482 cars. The company currently offers four models – Polestar 2, Polestar 3, Polestar 4, and Polestar 5 - and plans to launch the Polestar 6 roadster and Polestar 7 compact SUV in the future.
Polestar vehicles are sold in 28 markets across Europe, North America, and the Asia-Pacific region. The company’s third-quarter financial results are scheduled for release on November 12.in the first half of 2025, Polestar’s turnover increased by 56.5 percent to $1.42 billion,though the company reported a net loss of $1.19 billion.
