The Nasdaq stock exchange has cautioned Polestar that it may face delisting after its share price dropped below the minimum level required to maintain its listing status.
The Swedish electric vehicle maker, supported by Volvo Cars and China’s Zhejiang Geely Holding Group, revealed on Friday that it had received an official notice from Nasdaq stating it no longer meets the exchange’s minimum bid price threshold of $1.00 per share.
According to Nasdaq regulations, Polestar has 180 calendar days—until April 29, 2026—to raise the price of its American depositary shares to above $1.00 for a minimum of 10 consecutive trading days. If it doesn’t meet the requirement, the company may be granted an additional 180-day grace period before facing potential delisting from the exchange.
Polestar stated that the notice ‘has no immediate impact’ on its listing status, and its shares will continue to trade as usual while the company takes steps to regain compliance.
At the time the notice was issued, Polestar’s stock had closed at $0.84, reflecting a decline of roughly 20% in 2025, following a 50% drop the previous year.
This marks the second instance the automaker has received a warning from the U.S. exchange, following a similar compliance issue in 2024 related to a delay in submitting its annual financial report.
Polestar’s stock has declined due to ongoing financial losses, cash flow challenges, and growing competition in the global electric vehicle market. The company, which went public on Nasdaq in 2022 through a SPAC merger, has faced difficulty maintaining investor trust even as it expanded its lineup from the Polestar 2 sedan to the larger Polestar 3 SUV and the mid-size Polestar 4 SUV.
In 2024, Polestar delivered only 44,851 vehicles worldwide—a 15% drop from the 52,796 units sold in 2023.
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