EV startup Arrival announced that it has received a non-compliance letter from the Nasdaq Stock Market LLC, informing the company that the closing bid price has been below the minimum $1.00 per share for at least consecutive 30 days. Arrival now has until May to meet the minimum bid requirement to avoid being delisted on the stock market.
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Months after initially announcing plans for a combined merger with Gores Guggenheim, Inc, Swedish EV automaker Polestar has successfully completed the task and has listed on the Nasdaq under ticker symbol $PSNY, beginning today.
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The Taipei-based company Gogoro, widely seen as the world leader in swappable batteries for light electric vehicles, will be listed on the Nasdaq exchange by the end of this quarter.
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Late last year, it was announced that the battery-swapping Goliath known as Gogoro is going public on the Nasdaq stock exchange in a monumental deal that was set to value the company at around US $2.3 billion. Now we are learning that the company is raising millions more than initially expected as part of the deal.
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