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Swedish EV maker Polestar announces one-for-thirty reverse stock split to maintain Nasdaq listing
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Swedish EV maker Polestar announces one-for-thirty reverse stock split to maintain Nasdaq listing
Nov 14, 2025 6:22 AM

Nov 14 (Reuters) - Sweden's Polestar on Friday

said it would conduct a one-for-thirty reverse stock split of

its American Depository Shares as the electric vehicle maker

seeks to avoid a Nasdaq delisting.

The reverse split, which consolidates multiple shares into

fewer, will not change the value of investors' overall holdings

but can mechanically lift the share price above $1 to regain

compliance.

Polestar in October said it was notified by the Nasdaq for

not meeting the exchange's listing rules related to maintaining

a minimum bid price of $1.

The news comes a few days after Polestar reported a wider

third-quarter loss while grappling with pricing pressures and

high production costs due to tariff-driven uncertainty.

Polestar has also shifted to a dealer-focused model from

direct selling and is leaning harder on Europe to offset weak

U.S. demand where buyers increasingly favor hybrids and gasoline

cars.

The company expects the ADS ratio change will be effective

before the end of the year.

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