Nikola's Stock Plunge Raises Delisting Concerns.
TL;DR Summary
Nasdaq has notified Nikola that it is not in compliance with the minimum bid requirements to remain listed on the exchange, risking delisting. The electric truckmaker's shares have fallen 72% this year and haven't traded above $1 since April 11. Nikola has 180 calendar days to regain compliance with the listing rule, where its stock must close at $1 minimum for at least 10 consecutive business days.
- Nikola Plunges as Nasdaq Says Sub-$1 Stock Price Risks Delisting Yahoo Finance
- Electric truck maker Nikola receives delisting notice Reuters
- Nikola Fell Hard -- and This Ad-Tech Stock Plunged Even More Thursday The Motley Fool
- Nikola stock at risk of delisting, closes at all-time of low of 62 cents Yahoo Finance
- Nikola Stock Is Plunging. Could It Be Delisted? Barron's
Reading Insights
Total Reads
0
Unique Readers
10
Time Saved
3 min
vs 3 min read
Condensed
89%
593 → 67 words
Want the full story? Read the original article
Read on Yahoo Finance