DelistingJul 3, 2026, 02:37 PM
REE Automotive to be Delisted from Nasdaq on July 7
AI Summary
REE Automotive Ltd. announced it received a delisting determination from Nasdaq due to its failure to regain compliance with the Minimum Bid Price Requirement. The company's Class A ordinary shares will be suspended from trading on the Nasdaq Capital Market on July 7, 2026. REE Automotive does not intend to request a hearing to appeal the decision.
Key Highlights
- REE Automotive received a delisting notice from Nasdaq for non-compliance.
- Failed to regain compliance with Nasdaq Listing Rule 5550(a)(2) (Minimum Bid Price Requirement).
- Closing bid price was below $1.00 for 30 consecutive business days from May 15, 2025.
- Received an initial 180-day compliance period through December 29, 2025.
- Granted an additional 180-day extension through June 29, 2026.
- Trading of Ordinary Shares will be suspended on Nasdaq Capital Market on July 7, 2026.
- Company does not intend to request a hearing before the Nasdaq Hearings Panel.
Price Impact
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