Polestar’s Survival Strategy: A Reverse Stock Split to Maintain Nasdaq Listing

Facing potential delisting from the Nasdaq exchange, electric vehicle manufacturer Polestar is implementing an emergency measure that underscores its current financial challenges. The company has announced a 1-for-30 reverse stock split scheduled for December 9, a tactical move designed to mechanically boost its share price above the critical $1 threshold required by exchange regulations.

The clock is ticking for Polestar as it races against an April 2026 deadline to regain compliance with Nasdaq’s minimum bid price requirement. According to exchange rules, the automaker must maintain a closing price above $1 for ten consecutive trading days or face removal from the exchange. This reverse split represents the company’s calculated response to this pressing regulatory challenge, Read more...