Polestar Automotive Holding UK PLC Sponsored ADR Class C (PSNYW) has released an update.
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Polestar Automotive Holding UK PLC Sponsored ADR Class C, traded as PSNY on Nasdaq, has acknowledged a deficiency notice for not filing its Annual Report on time but remains listed as it works towards compliance. The company has a 60-day period to submit a compliance plan, potentially extending to an additional 180 days to meet Nasdaq’s requirements. Meanwhile, Polestar has secured a waiver from its lenders regarding the late report and is focused on filing the overdue Annual Report and its Q1 financial results for 2024 as soon as possible.
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