Nikola Corp CEO Says Believes Co Will Be Able To Regain Nasdaq Compliance; Says Co Can Effectuate A Reverse Stock Split If Stock Does Not Trade Above $1 To Comply With Nasdaq Rules
Portfolio Pulse from Bill Haddad
Nikola Corp's CEO believes the company will regain Nasdaq compliance and is considering a reverse stock split if the stock does not trade above $1 to comply with Nasdaq rules.
June 01, 2023 | 8:46 pm
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NEUTRAL IMPACT
Nikola Corp may regain Nasdaq compliance or execute a reverse stock split if the stock doesn't trade above $1.
The CEO's statement shows confidence in regaining Nasdaq compliance, which could have a neutral impact on the stock price. However, a reverse stock split may cause short-term volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100