Two days after Lordstown Motor Corp. announced it had entered into a working agreement with a commercial fleet maintenance and repair programs company, the company has received a delisting notice from the Nasdaq stock market listing after stocks fell below $1 per stick for the last month.

On March 27, the stock sat at 75 cents, but has fallen to 49 cents Thursday, up for 48 cents hours earlier, a record low for the stock.

A delisting means that the stock, listed as RIDE, will no longer be traded on the Nasdaq market.

The stock first went on sale in April of 2019 and sold for $9.74 per share. It soared as high as $29.01 by September 18, 2020, but after many delays and recent recalls on the Endurance truck, the stock has not been higher than $1.47 in 2023.

According to the Lordstown Motors, it was notified of the potential delisting Thursday.

Editor's note: This article has been modified to show it was a delisting notification.