Polestar (PSNY) Faces Delisting Risk on Delayed Annual Filing

Polestar Automotive Holding UK PLC (PSNY) may get delisted from Nasdaq after repeatedly missing the securities regulator's deadlines for submitting financial reports. Per Nasdaq's notice, the Swedish EV manufacturer has 60 days to submit a plan of compliance after failing to file its full-year 2023 and first-quarter 2024 financial reports promptly. Originally, the company was expected to file its full-year 2023 financial report in February. The deadline was then pushed to the end of April, which the company ...