Noodles & Company receives Nasdaq delisting notice for bid price below $1.00

NOODLES & Co

Received Nasdaq notice on Dec 24, 2024 for non-compliance with minimum $1.00 bid price rule.
Stock closed below $1.00 for 30 consecutive business days prior to notice.
Company has 180 calendar days (until June 23, 2025) to regain compliance.
To comply, bid price must close at $1.00 for at least 10 consecutive business days.
Company may consider reverse stock split or transfer to Nasdaq Capital Market if needed.

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