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Reuters
Fri, November 14, 2025 astatine 7:52 AM CST 1 min read
(Reuters) -Sweden's Polestar connected Friday said it would behaviour a one-for-thirty reverse banal split of its American Depository Shares arsenic the electrical conveyance maker seeks to debar a Nasdaq delisting.
The reverse split, which consolidates aggregate shares into fewer, volition not alteration the worth of investors' wide holdings but tin mechanically assistance the stock terms supra $1 to regain compliance.
Polestar successful October said it was notified by the Nasdaq for not gathering the exchange's listing rules related to maintaining a minimum bid terms of $1.
The quality comes a fewer days aft Polestar reported a wider third-quarter nonaccomplishment portion grappling with pricing pressures and precocious accumulation costs owed to tariff-driven uncertainty.
Polestar has besides shifted to a dealer-focused exemplary from nonstop selling and is leaning harder connected Europe to offset anemic U.S. request where buyers increasingly favour hybrids and gasoline cars.
The institution expects the ADS ratio alteration volition beryllium effective earlier the extremity of the year.
(Reporting by Zaheer Kachwala successful Bengaluru; Editing by Vijay Kishore)
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