Polestar announced it has received a notification from the Nasdaq Stock Market LLC stating that the company is not currently in compliance with the $1.00 minimum bid price requirement under Nasdaq Listing Rule 5450(a)(1).
Highlights
- Non-compliance notice: Polestar’s ADSs have fallen below Nasdaq’s $1.00 minimum bid price threshold.
- Compliance period: The company has 180 days—until April 29, 2026—to regain compliance.
- Possible extension: An additional 180-day period may be granted if requirements are not met by the initial deadline.
- No trading impact: Polestar’s ADSs will continue trading on Nasdaq while the company works to regain compliance.
Compliance Details
According to Nasdaq Listing Rule 5810(c)(3)(A), Polestar must achieve a minimum closing bid price of at least $1.00 per ADS for ten consecutive business days to regain compliance. Failure to meet this requirement by the compliance deadline could result in delisting proceedings, although Nasdaq may grant an extension if eligibility criteria are met.
The notice does not affect Polestar’s day-to-day business operations or its ability to trade on Nasdaq.
About Polestar
Polestar (Nasdaq: PSNY) is a Swedish electric performance vehicle brand headquartered in Gothenburg, Sweden. The company operates in 28 markets across North America, Europe, and Asia Pacific.
Its current lineup includes the Polestar 2, Polestar 3, Polestar 4, and Polestar 5, with upcoming models Polestar 6 (roadster) and Polestar 7 (compact SUV). Manufacturing is currently based in North America and Asia, with future production expansion planned for Europe.
Polestar’s sustainability strategy is structured around four pillars—Climate, Transparency, Circularity, and Inclusion—and targets a 50% reduction in per-vehicle greenhouse gas emissions by 2030 and full climate neutrality by 2040.
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