Polestar Automotive Holding UK PLC Sponsored ADR Class C (PSNYW) has released an update.
Polestar Automotive has been notified by Nasdaq that it needs to meet the minimum bid price requirement of $1.00 per share to maintain compliance, with a deadline of January 2, 2025, to achieve this through a sustained increase in its share price. While this notice does not affect the company’s current listing, Polestar remains optimistic about its future, aiming for cash flow break-even by the end of 2025 as it expands its business and product offerings.
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