Noodles & Company Faces Nasdaq Delisting Risk Over Minimum Bid Price Non-Compliance
Noodles & Company has received a notification from the Nasdaq Stock Market indicating non-compliance with the Minimum Bid Price Requirement for continued listing on the Nasdaq Global Select Market. According to Nasdaq's rules, the company's shares must maintain a minimum closing bid price of $1.00 per share. Having fallen below this threshold for 30 consecutive business days, Noodles & Company has until December 22, 2025, to regain compliance. The company is exploring options to address this issue, including a potential reverse stock split. If not resolved within the 180-day grace period, the company may qualify for an additional compliance period. Failure to meet the requirements could result in delisting, though the company retains the right to appeal such a decision.
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