REE Automotive Ltd. (Nasdaq: REE) will have its Class A ordinary shares suspended from trading on the Nasdaq Capital Market at the opening of business on July 7, 2026, after Nasdaq staff issued a Delisting Determination citing continued noncompliance with the exchange’s $1.00 minimum bid price rule. The company, whose software-defined vehicle platform centers on proprietary by-wire drive, steer and brake control, said this week it does not intend to request a hearing before the Nasdaq Hearings Panel to contest the determination. Nasdaq will file a Form 25-NSE with the Securities and Exchange Commission to complete removal of the shares from listing and registration.
Highlights
- Nasdaq determined to delist REE’s Class A ordinary shares after the company failed to cure a deficiency under the Minimum Bid Price Requirement, Listing Rule 5550(a)(2).
- Trading suspension takes effect at the opening of business on July 7, 2026; Nasdaq will then file a Form 25-NSE with the SEC.
- REE has until July 7, 2026, to request a hearing before the Nasdaq Hearings Panel but said it does not plan to do so.
- The determination followed two consecutive 180-day compliance periods, running through December 29, 2025, and June 29, 2026, respectively.
Compliance Timeline Leading to Delisting
Nasdaq notified REE on July 1, 2025, that its closing bid price had stayed below $1.00 for 30 consecutive business days, triggering a deficiency under Listing Rule 5550(a)(2). Under Listing Rule 5810(c)(3)(A), REE received an initial 180-day period, through December 29, 2025, to regain compliance. On December 30, 2025, Nasdaq determined REE met the exchange’s other continued-listing criteria and granted a second 180-day extension, through June 29, 2026. Because the bid price did not recover during that window, Nasdaq issued the Delisting Determination on June 30, 2026.
What Happens Next
Trading of REE’s Ordinary Shares will be suspended on the Nasdaq Capital Market at the opening of business on July 7, 2026. The company may request a hearing before the Nasdaq Hearings Panel by that same date but said it does not intend to do so. Nasdaq will then file a Form 25-NSE with the SEC, removing REE’s securities from listing and registration.
REE’s Financial Pressure and Technology Partnerships
The delisting adds to financial strain the company has worked to manage since its 2025 cost-reduction plan, which cut monthly operating expenses by roughly 55% and reduced headcount across its U.S., U.K. and Israel operations. REE has continued pursuing partnerships around its core technology, including a December 2025 agreement with Cascadia Motion to co-develop an integrated electric drive unit for OEM customers.
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