Polestar Acknowledges Receipt Of Deficiency Notice From Nasdaq; Says Working To File Annual Report On Form 20-F As Soon As Practicable And To Report Its Preliminary Unaudited Financial And Operational Results For Q1 2024 Soon Thereafter
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Polestar has received a deficiency notice from Nasdaq and is working to file its annual report on Form 20-F as soon as possible. The company also plans to report its preliminary unaudited financial and operational results for Q1 2024 shortly after.
May 17, 2024 | 8:16 pm
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Polestar has received a deficiency notice from Nasdaq and is working to file its annual report on Form 20-F as soon as possible. The company also plans to report its preliminary unaudited financial and operational results for Q1 2024 shortly after.
Receiving a deficiency notice from Nasdaq is a negative regulatory event, indicating potential compliance issues. This could lead to short-term downward pressure on the stock price. However, the company's proactive steps to file the report and announce Q1 2024 results may mitigate some of the negative impact.
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