Oatly Group (OTLY) has released an update.
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Oatly Group AB, a market player in the alternative dairy sector, is facing a compliance issue with Nasdaq’s minimum bid price rule as its American depositary shares (ADSs) have been trading below the required $1.00 threshold. The company received a formal notification and is exploring options to rectify the situation within the given 180-day period to avoid delisting. No immediate impact on Oatly’s business operations or ADS listing has occurred as they plan to meet the compliance standards.
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