Nikola Corporation Regains Compliance with Nasdaq’s Minimum Bid Price Rule

By June 29, 2023 < 1   min read  (123 words)

June 29, 2023 |

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Nikola Corporation announced that it has successfully regained compliance with the Nasdaq Listing Rule 5450(a)(1). According to a written notice received from Nasdaq, Nikola has successfully maintained a minimum bid price of $1.00 per share, a requirement for companies listed on the Nasdaq Global Select Market.

From June 14 to June 28, 2023, the closing bid price of Nikola’s common stock consistently stood at $1.00 per share or higher. As a result of meeting this standard, Nikola has now regained full compliance with the Nasdaq Listing Rule 5450(a)(1), effectively closing the matter.

This positive development marks an important step for Nikola, demonstrating its ongoing commitment to maintaining strong corporate governance and market compliance.

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