Overview
- The company said the ADS ratio change will be executed before the end of 2025 and no new fractional ADS will be issued.
- Polestar’s U.S.-listed shares traded around $0.59 during Friday’s session before closing at $0.53, down 15.8% on the day.
- Nasdaq notified Polestar about two weeks ago that its shares had fallen below the $1 minimum bid requirement for continued listing.
- For Q3, Polestar reported $748 million in revenue, up 36% year over year but about $102 million below consensus, and a net loss that widened to $365 million.
- The company said it is progressing toward new equity and debt financing with backing from majority owner Geely and plans to provide new full-year guidance in early 2026 after withdrawing its 2025 outlook.