Polestar Faces Nasdaq Delisting Threat For Delayed 2023 Report
Carscoops - 2024-05-20T18:25:00.000Z

Polestar says its annual report has been delayed as it finalizes statements regarding accounting misstatements made in 2021 and 2022. The company claims it is committed to regaining compliance and satisfying all of Nasdaq's listing requirements. Polestar sold just 7,200 vehicles in the first quarter of 2024. Polestar has received a deficiency notice from the Nasdaq for failing to release its annual report promptly, meaning it’s not in compliance with stock exchange regulations. Consider it a...

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