Lotus Technology Inc. is facing a significant compliance challenge after receiving a notification from Nasdaq regarding its stock price. The company announced on November 2, 2026, that it was notified it did not meet the $1.00 minimum bid price requirement set by Nasdaq. This notice could impact the company's standing in the market as it works to regain compliance.

According to the filing, the notice was issued on October 28, 2026, after the company’s stock price fell below the required minimum during the period from September 16 to October 27, 2026. The notification does not immediately affect the trading status of Lotus Technology's American Depositary Shares (ADS), which will continue to be listed on the Nasdaq Global Select Market.

Background

Lotus Technology Inc., listed under the ticker symbols LOT and LOTWW on the Nasdaq, operates within the motor vehicles and passenger car bodies sector (SIC 3711). The company is known for its focus on high-performance sports cars and luxury electric vehicles. Recent filings include several 6-K reports, with the latest being on November 2, 2026, indicating ongoing updates to its operations and compliance status.

What the Filing Says

The filing states, "The Notice is only a notification of deficiency and has no immediate effect on the listing of the Company’s ADS." It also mentions that the company has until April 26, 2027, to regain compliance by ensuring its stock price meets or exceeds $1.00 for at least ten consecutive business days.

Impact

This situation may affect various stakeholders, including investors and employees, as the company navigates through this compliance issue. Lotus Technology is currently evaluating options to regain compliance with Nasdaq's listing requirements, which could involve strategic decisions regarding its stock and market presence.

What’s Next

The company has until April 26, 2027, to meet the minimum bid price requirement. If it fails to do so, it may be eligible for an additional compliance period. The filing does not specify any immediate actions or plans beyond this compliance timeline.

For more information about Lotus Technology Inc., visit www.group-lotus.com.