---
schema_version: "secwatch.filing_event.v1"
accession: "0001731289-23-000124"
form_type: "8-K"
ticker: null
cik: "0001731289"
company_name: "Nikola Corp"
filed_at: "2023-05-25T23:59:59+00:00"
generated_at: "2026-06-14T14:43:28.315397+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Nikola receives Nasdaq notice for bid price non-compliance

## Summary
- Received Nasdaq notice on May 24, 2023 for failure to maintain $1.00 minimum closing bid price over 30 consecutive business days.
- Company has 180 days, until November 20, 2023, to regain compliance by closing at $1.00+ for at least 10 consecutive business days.
- Current listing on Nasdaq is not immediately affected; additional time may be available if not compliant by deadline.

## SEC filing metadata
- accession: 0001731289-23-000124
- form_type: 8-K
- cik: 0001731289
- company_name: Nikola Corp
- filed_at: 2023-05-25T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1731289/000173128923000124/0001731289-23-000124-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1731289/000173128923000124/nkla-20230524.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001731289-23-000124
- JSON: https://secwatch.observer/filing/0001731289-23-000124.json
- Plain text: https://secwatch.observer/filing/0001731289-23-000124.txt

## Key facts
- Listing & Compliance Notices
  Nikola Corp received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1), 5810(c)(3)(A)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: minimum bid price
  - Rules: 5450(a)(1), 5810(c)(3)(A)
  source text: May 24, 2023, Nikola Corporation (the “Company”) received written notice (the “Notification Letter”) from The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it is not in compliance with the minimum bid price requirements set forth in Nasdaq Listing Rule 5450(a)(1) for continued listing on Nasdaq. Nasdaq Listing Rule 5450(a)(1) requires listed securities maintain a minimum closing bid price of $1.00 per share, and Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum closing bid price requirement exists if the deficiency continues for a period of 30 consecutive b
  evidence_url: https://www.sec.gov/Archives/edgar/data/1731289/000173128923000124/0001731289-23-000124-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.