regulatory
confidence high
sentiment negative
materiality 0.70
Noodles & Company flagged by Nasdaq for sub-$1.00 bid price; 180-day cure period
NOODLES & Co
- Received Nasdaq deficiency notice on June 24, 2025; bid price below $1.00 for 30 consecutive business days.
- Has until December 22, 2025 to regain compliance; must close at $1.00+ for 10 consecutive business days.
- If not cured, may request a second 180-day period by transferring to Nasdaq Capital Market if eligible.
- Considering a reverse stock split among other options; no assurance of regaining compliance.
item 3.01