REE Automotive Receives Nasdaq Noncompliance Notice

MT Newswires Live

07/04

REE Automotive (REE) said Thursday it received a noncompliance notice from Nasdaq for failing to meet the listing requirement of maintaining a minimum bid price of $1 per share for 30 consecutive trading days.

The company has until December 29 to regain compliance, and the latest notice does not immediately impact listing or trading of shares, according to a statement.

Price: 0.68, Change: +0.04, Percent Change: +6.25

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