Polestar races against time to avoid Nasdaq delisting by April 2026
Swedish electric car manufacturer Polestar faces a critical deadline. Nasdaq today has warned the company that its shares have dipped below the $1.00 minimum bid price requirement, risking delisting by the end of April 2026. Polestar has until then to comply or face potential removal from the Nasdaq composite. Polestar, known for its electric vehicles like the Polestar 2, Polestar 3, and Polestar 4 in Australia, last traded in compliance with listing rules on September 18, 2025. However, its shares have since fallen, with the current trading price at $0.71 on the Nasdaq. The company has until 29 April 2026, a total of 180 days, to regain compliance by having its shares reach at least $1.00 per share for ten consecutive business days. Failure to do so may result in an additional 180 calendar days extension. Polestar's financial performance has been challenging. In the first half of 2025, the company posted a net loss of $703 million. Sales, though modest, have been recorded with 154 units in October 2025 and a year-to-date total of 2,022 units. The company faces intense competition from rivals such as Tesla and BYD, adding pressure to its situation. Polestar's future on the Nasdaq hangs in the balance. The company must act swiftly to comply with the listing rules and avoid delisting. Its financial health and competitive position will be crucial in determining its ability to meet this challenge.
