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News  ›  GlobeNewswire Inc.

REE Automotive Receives Nasdaq Extension to Regain Compliance

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Ree Automotive Ltd.
REE Automotive Receives Nasdaq Extension to Regain Compliance

REE Automotive has been granted a 180-day extension by Nasdaq through June 29, 2026 to regain compliance with the $1 minimum bid price requirement after its stock fell below $1 for 30 consecutive business days. The company plans to monitor its stock price and evaluate options including a potential reverse stock split to meet listing requirements.

Insights
SDSTW   positive

Completed FEL-3 engineering report, reduced cost estimates, secured supply agreements, regained Nasdaq listing compliance, and reduced net loss compared to previous quarter


REE   negative

The company has failed to maintain the minimum $1 bid price requirement and required a Nasdaq extension to avoid delisting. While the extension provides additional time, it indicates financial distress and stock underperformance. The need to consider a reverse stock split further suggests weakness in the company's market position.