Nikola Corp NKLA Shares are trading down 18.79% to $0.63 on Thursday morning. This decline is due to the company receiving a written notice from Nasdaq of non-compliance with minimum bid price requirements.

What else?

According to an SEC filing, and based on the closing offer price of the Company’s common stock for the 30 consecutive business days prior to the May 24 notification, the Company does not currently meet the minimum closing offer price requirement of $1.00.

In the event that the company does not regain compliance by November 20, 2023, the notification also states that the company may be entitled to additional time to restore compliance.

According to data from Gasoline ProNKLA has a 52-week high of $8.97 and a 52-week low of $0.62.