Polestar Considers Reverse Stock Split to Remain on NASDAQ

Polestar ($PSNY) is considering a 1:30 reverse stock split to stay on NASDAQ, potentially boosting the share price to $15.90. Despite a 36.5% increase in retail sales and 48.8% revenue growth, the share price has plummeted 35% and the company is facing increased losses and downward pressure on pricing. The reverse split could be a short-term fix, but comes with risks for investors.