Polestar announced on May 17 that due to the failure to submit its annual report as of December 31, 2023, the company received a notice from Nasdaq confirming that the company did not comply with the provisions of the Nasdaq listing rules. Regulation requires the timely filing of all required periodic financial reports with the SEC.
Polestar said that the notice will not have a direct impact on the listing of the company\’s securities. On the premise that the company continues to comply with other listing requirements, the company\’s securities will continue to trade on Nasdaq.
Companies have 60 days from the date of the notice to submit a compliance plan to Nasdaq.
Polestar said it is working to file its annual report as soon as practicable and will report preliminary unaudited financial and operating results for the first quarter of 2024 shortly thereafter.
Polestar failed to submit its annual report on time, Nasdaq issued a violation notice
Polestar announced on May 17 that due to the failure to submit its annual report as of December 31, 2023, the company received a notice from Nasdaq confirming that the company did not comply with the provisions of the Nasdaq listing rules. requires the timely filing of all required periodic financial reports with the Securities and Exchange Commission
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