What you need to know:
- REE Automotive secures Nasdaq extension and receives a second 180-day compliance window, keeping NASDAQ: REE listed through June 29, 2026.
- Maintaining a $1 Minimum Share Price remains essential as REE Automotive must close at $1.00 or higher for 10 consecutive trading days to regain compliance.
- REE continues advancing in the electric commercial vehicle market despite ongoing financial challenges facing EV startups, with progress on its software-defined Class 4 chassis.
- A strategic partnership with BorgWarner's Cascadia Motion strengthens REE's portfolio through development of a next-generation electric drive unit featuring REEcorner technology.
As several startups and other young OEMs in the electrified commercial vehicle market faced (and sometimes lost) financial struggles, REE Automotive continues to fight.
The Tel Aviv-based manufacturer of the battery-electric, software-defined Class 4 P7 Chassis Cab announced on December 30, 2025 that the Nasdaq Stock Market (Nasdaq) granted its request for a second 180-day extension to meet the $1 minimum bid price requirement.
[Related: Step inside the REE P7-C at the 2025 ACT Expo]
Last July, Nasdaq gave REE 180 calendar days (until December 29, 2025) to raise its stock price back to at least $1.00 for 10 consecutive business days to regain compliance.
The new compliance period deadline is now June 29, 2026. Throughout this extended period, REE's Class A ordinary shares will remain listed and traded on the Nasdaq under the ticker symbol "REE," and the extension does not result in any immediate impact on its securities or trading status.
To reestablish compliance, REE must maintain a closing bid price of no less than $1.00 per ordinary share for a minimum of 10 consecutive trading days within the extended compliance window.
"We remain focused on executing our strategy and are committed to taking the steps necessary to regain compliance with Nasdaq's listing requirements," said Daniel Barel, co-founder and CEO of REE. "We appreciate Nasdaq's consideration and the additional time provided as we continue to advance our technology and engage with partners and customers."
MOU with Cascadia Motions
Meanwhile, REE also announced it signed an MOU with Cascadia Motions, a wholly owned subsidiary of BorgWarner. The MOU describes a collaboration focused on making, marketing, and selling a next-generation electric drive unit (EDU).
Under a phased commercialization plan, REE expects to give Cascadia Motion a limited-time exclusive option to sell a specially designed electric drive unit that combines Cascadia's M-125 motor and inverter with REEcorner technology. The companies plan to offer a compact, flexible solution to help automakers worldwide bring electric vehicles to market faster. When paired with REE's vehicle control units, the system is intended to enhance safety, support advanced standards such as ASIL-D, and enable efficient over-the-air software updates.
[Related: REE Automotive, Mitsubishi Fuso sign MOU to advance software-defined technology]
"Integrating Cascadia Motion's iM 125 drive unit with REEcorner technology bolsters our portfolio of off-the-shelf electric drive solutions, providing our customers with even more flexibility in their electrification programs," said Joseph McHenry, general manager of BorgWarner Portland and the Cascadia Motion brand. "This collaboration reflects our commitment to delivering innovative, ready-to-integrate drive units that help OEMs reduce development time and streamline vehicle launch."
