Polestar’s stock rises as it maintains Nasdaq listing requirements
Stock has bounced back in recent weeks after falling below $1 in May
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Polestar Automotive Holding’s stock was up about 1.7% in premarket trading on Tuesday after the electric-vehicle maker said it has satisfied requirements to remain on the Nasdaq.
The Gothenbrug, Sweden-based company said it received notice that with the closing bid price of its American Depositary Shares (ADSs) were above $1.00 for at least 10 consecutive business days.