YF: Nikola at risk of delisting, closes at all-time low

Nikola (NKLA), once a high flying stock during the early months of the pandemic, is at risk of being delisted from the Nasdaq (^IXIC). Shares of the battery- and hydrogen-powered electric truck maker sank 20% on Thursday, closed at an all time low of 62 cents a share.

The company said it received a risk notification letter from the Nasdaq, noting Nikola is “not in compliance with the minimum bid price requirements.” Shares have closed below $1 each for more than 30 consecutive business days.

Nikola has until November 20, 2023 to regain compliance. In order to do so, the company’s closing share price must be at least $1.00 for a minimum of 10 consecutive business days.

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