Nikola regains Nasdaq listing compliance

On July 10, 2024, Nikola received written notice from The Nasdaq Stock Market LLC informing the Company that it has regained compliance with Nasdaq Listing Rule 5450(a)(1), which requires that companies listed on the Nasdaq Global Select Market maintain a minimum bid price of $1.00 per share. Nasdaq notified the Company in the Compliance Notice that, from June 25, 2024 to July 10, 2024, the closing bid price of the Company’s common stock had been $1.00 per share or greater and, accordingly, the Company had regained compliance with Nasdaq Listing Rule 5450(a)(1) and that the matter was now closed.