The company said it is working to file its annual report for the fiscal year ended Dec. 31 and to report its first-quarter financial results of 2024.
Polestar has 60 days from the date of the notice to submit a plan of compliance to Nasdaq, it said in a statement.
A deficiency notice from Nasdaq is a formal alert sent to a company that is not meeting the minimum standards for continued listing. It serves as a warning to rectify the issues or face potential delisting.
In April, the company said it would delay the publication of its fourth-quarter and full-year 2023 financial results for a second time.
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