Another EV startup gets stern Nasdaq warning
More bad news for Californian EV startup Fisker, as it now faces a possible delisting from the Nasdaq due to low stock prices for 30 consecutive days.
Fisker reports that it has received a non-compliance notice from the New York Stock Exchange as its stock had closed below around $1 for 30 straight trading days, reports Automotive News. Failure to comply can lead to a delisting, but Fisker has six months to regain compliance.The road hasn’t exactly been smooth for Fisker, which has faced a long line of…