Lotus Technology Receives Nasdaq Notice Over $1 Per Share Bid Price Requirement
Key Facts
Lotus Technology said on Nov. 2, 2026, that it had received a notice from Nasdaq regarding the minimum bid price, according to a headline posted on the company’s investor relations page. The notice puts the company under continued listing requirements that set a minimum share price. But details of the violation, including its duration and the deadline granted to the company, were not included in the available announcement. As a result, no information is available here to confirm how many days the share price remained below the required level or what steps the company will take. The announcement comes as Lotus seeks to improve its operating results while continuing to post losses and needing additional funding.
Nasdaq Rule 5550(a)(2) sets a minimum bid price of 1.00 dollar per share. A company is in violation of the rule if its bid price remains below that threshold for 30 consecutive business days, according to Nasdaq rules. After a notice, the rules provide an initial compliance period of 180 calendar days. Compliance can generally be regained if the stock closes at 1 dollar or more for 10 consecutive business days during that period. The application of these rules sets out the possible remediation path, while Lotus’s specific deadline remains uncertain given the available notice details.
The company’s results for the first half of 2026 show improvements in revenue and gross margin compared with the same period a year earlier. Revenue reached 268 million dollars, up 23% year over year, according to the company’s filing with the U.S. Securities and Exchange Commission. Gross margin rose to 10% from 8% in the first half of 2025. The company said total revenue was “268 million dollars, up 23% year over year,” and gross margin was 10%, compared with 8% in the corresponding period. These figures reflect sales growth and an improvement in margin, but did not turn performance into a profit during the period.
Operating loss in the first half of 2026 narrowed 63% year over year to 97 million dollars, while net loss fell 52% to 151 million dollars, according to the same filing. The company described operating loss as “97 million dollars, down 63% year over year,” and net loss as “151 million dollars, down 52%.” The comparison shows losses receded substantially from their level a year earlier, while remaining large in absolute terms. This was accompanied by an operating cash outflow of 53.728 million dollars during the six months ended June 30, 2026, according to the interim report. The figures place improved margins alongside continued cash consumption and losses.
In its interim report, Lotus said there was substantial doubt about its ability to continue as a going concern, and that the group would need additional liquidity to continue its operations over the following 12 months. Net cash used in operating activities was 53.728 million dollars during the six months ended June 30, 2026, according to the report filed with the U.S. regulator. This need for additional funding makes the company’s ability to continue operations part of its financial context, alongside efforts to reduce losses. The report does not specify, in the available information, the amount of additional liquidity required or its source. The interim report also does not link this need to the Nasdaq notice.
On the product front, the company said deliveries of the Eletre X in continental Europe are expected to begin in the fourth quarter of 2026, followed by the United Kingdom in mid-2027. It said in its filing that “deliveries in continental Europe are expected to begin in the fourth quarter of 2026, followed by the United Kingdom in mid-2027.” These dates represent the next commercial steps the company has announced in European markets. The start of deliveries remains tied to the schedule cited by the company in its filing, with no further details on delivery volumes or their financial impact. In the near term, steps related to the notice center on the compliance path set by Nasdaq rules, while the company’s schedule targets the start of deliveries in continental Europe during the fourth quarter of 2026, followed by the United Kingdom in mid-2027.