REE Automotive Receives Nasdaq Minimum Bid Price Notification

Core Viewpoint - REE Automotive Ltd. is currently not in compliance with Nasdaq Rule 5450(a)(1) due to its Class A ordinary shares closing bid price being below $1.00 for 30 consecutive business days, from May 15, 2025, to June 27, 2025 [1][2]. Compliance Period - The company has a 180-calendar-day period to regain compliance, with a deadline of December 29, 2025, to achieve a closing bid price of at least $1.00 for a minimum of ten consecutive business days [2][3]. - If compliance is not demonstrated by the deadline, the company's shares may be subject to delisting [3]. Additional Compliance Options - The company may be eligible for an additional 180-calendar-day period to regain compliance if it meets other listing requirements, excluding the bid price [4]. - To qualify for this extension, the company may need to notify Nasdaq of its intention to cure the deficiency, potentially through a reverse stock split [4]. Monitoring and Future Actions - The company plans to monitor its closing bid price and consider options to regain compliance within the specified period [5]. - The Nasdaq letter does not have an immediate effect on the company's listing or trading of its shares, which will continue to trade under the symbol "REE" during the cure period [5]. Company Overview - REE Automotive develops software-defined vehicle (SDV) technology solutions, focusing on enhancing vehicle operations and features through proprietary software [6]. - The company's technology aims to create safer, more modular, and better-performing vehicles, with capabilities for over-the-air updates and improvements [6].