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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.