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Oct 31 (Reuters) - Polestar said on Friday it was notified by the Nasdaq for not meeting the exchange's listing rules related to maintaining a minimum bid price of $1, as the Swedish EV firm's shares fall pressured by intensifying competition. Sign up here. Its U.S.-listed shares closed at 84 cents on Friday and have lost about 20% of their value this year after dropping over 50% last year. Nasdaq's notice indicates the company has 180 days, or until April 29, 2026, to regain compliance by having the closing price of the U.S.-listed shares meet or exceed $1 per share for at least ten consecutive business days, Polestar said. If Polestar does not gain compliance by then, it may get an additional 180-day extension, the company said. This marks Polestar's second tryst with Nasdaq non-compliance, after it faced a potential delisting last year due to its inability to file its annual report with the U.S. securities regulator in a timely manner. Reporting by Arsheeya Bajwa in Bengaluru; Editing by Alan Barona
