REE Automotive to Be Delisted from Nasdaq on July 7, Company Won't Appeal
REE is trading near its 52-week low of $0.182 (15% above the low).
Summary
REE Automotive has received a final delisting notice from Nasdaq, with trading of its shares to be suspended on July 7, 2026. The company failed to regain compliance with the minimum bid price requirement and stated it does not intend to appeal the decision. This follows recent SEC filings in May that highlighted substantial doubt about REE's ability to continue as a going concern and reported critical cash balances. The delisting will move the stock to the OTC market, significantly reducing liquidity and making it inaccessible to many investors.
At the time of this announcement, REE was trading at $0.21 on NASDAQ in the Technology sector, with a market capitalization of approximately $6.5M. The 52-week trading range was $0.18 to $1.76. This news item was assessed with negative market sentiment and an importance score of 9 out of 10. Source: GlobeNewswire.