REE Automotive Ltd. received a notification letter from Nasdaq Listing Qualifications staff notifying the company that it had regained compliance with the minimum bid price requirement set forth in the Nasdaq Listing Rule 5550(a)(2). The notification letter confirmed that REE maintained a closing bid price at or greater than $1.00 per ordinary share for the last 10 consecutive business days from October 18, 2023 to October 31, 2023 and that the company has regained compliance with the Nasdaq Capital Market Minimum Bid Price Requirement.
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