REE Automotive Faces Delisting After Shares Trade Below $1 for 30 Days
REE•REE•REE•REE•REE Automotive received a Nasdaq delisting notice after its Class A shares failed to maintain a minimum $1 bid price over two consecutive compliance periods, including a 180-day extension. The company will not request a hearing and its shares will be suspended from trading on July 7, 2026.
On July 3, 2026, REE Automotive received a formal notice from Nasdaq notifying the company of its intent to delist the Class A ordinary shares from the Nasdaq Capital Market due to non-compliance with listing rules.
The delisting determination follows a failure to meet Nasdaq Listing Rule 5550(a)(2), as REE’s shares traded below the $1.00 minimum bid price for 30 consecutive business days from May 15 through June 27, 2025, and again during a 180-day extension ending June 29, 2026.
REE Automotive has declined to request a hearing before the Nasdaq Hearings Panel, and share trading will be suspended at the market open on July 7, 2026, after which Nasdaq will file Form 25-NSE to remove the securities from listing and registration.
