REE Automotive Receives Nasdaq Minimum Bid Price Notification
1. REE is non-compliant with Nasdaq Rule due to share price below $1. 2. The company has 180 days to regain compliance before potential delisting. 3. An appeal option exists if Nasdaq declares intent to delist. 4. REE's shares will trade without immediate effect on compliance status. 5. Failure to comply may lead to a reverse stock split consideration.