Polestar said on Friday it will implement a one-for-thirty reverse stock split of its American Depository Shares (ADSs), a step intended to help the Swedish electric vehicle maker avoid a potential Nasdaq delisting.
The move, which consolidates every 30 shares into one, does not change the total value of an investor’s holdings but is intended to mechanically boost the per-share price above the exchange’s minimum requirement.
See also: Nasdaq Warns Polestar Over Potential Delisting After Share Price Falls Below $1
The company disclosed in October that it had received a notice from Nasdaq for failing to maintain the minimum bid price of $1. The reverse split comes days after Polestar reported a deeper third-quarter loss, as the company continues to face pricing pressure and elevated production costs tied to tariff-driven uncertainty.
Polestar has also shifted from a direct-to-consumer approach to a dealer-focused model and is relying more on European markets to compensate for weakening demand in the United States, where buyers are increasingly choosing hybrids and gasoline models.
See also: Polestar Reports Wider Q3 Loss, Plans Reverse Stock Split to Retain Nasdaq Listing
The EV maker said the revised ADS ratio is expected to take effect before the end of the year. Polestar’s move underscores the company’s broader effort to stabilise its financial position as global EV market conditions become more challenging.
