Barnes & Noble Education, Inc. (BNED): Nasdaq/NYSE listing notice — NYSE notifies BNED of non-compliance; avg closing price below $1.00 for 30 days

Barnes & Noble Education, Inc.

NYSE notified BNED on Feb 27 that avg closing price <$1.00 over 30 trading days (Section 802.01C).
Six-month cure period; BNED must close at ≥$1.00 on last trading day of any month and 30-day avg ≥$1.00.
Stock continues trading on NYSE under BNED with added ".BC" designation.
BNED intends to cure deficiency and is evaluating all available options.
Notice has no immediate impact on listing, business operations, or SEC reporting obligations.

item 3.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.99

Barnes & Noble Education, Inc. received a nyse noncompliance notice notice regarding minimum bid price (rules 802.01C).

Exchange: nyse
Notice: noncompliance notice
Deficiency: minimum bid price
Rules: 802.01C

Exact text from the filing

February 27, 2024, Barnes & Noble Education, Inc. (the “ Company ”) was notified by the New York Stock Exchange (the “ NYSE ”) that the average closing price of the Company’s shares of common stock, par value $0.01 per share (the “ Common Stock ”), had fallen below $1.00 per share over a period of 30 consecutive trading days, which is the minimum average closing price required to maintain continued listing on the NYSE under Section 802.01C of the NYSE Listed Company Manual. The notice has no immediate impact on the listing of the Common Stock. The Company intends to actively monitor the closin

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Source: SEC EDGAR

accession 0001193125-24-056155

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