NOODLES & Co (NDLS): Nasdaq/NYSE listing notice — Noodles & Company faces Nasdaq delisting; will appeal, proposes reverse stock split

NOODLES & Co

Received delisting determination on Dec 23, 2025 for failing to maintain $1.00 minimum bid price.
Intends to request hearing with Nasdaq Hearings Panel by Dec 30, 2025; stays suspension pending hearing.
Special meeting on Feb 4, 2026 to vote on reverse stock split at ratio between 1:2 and 1:15.
Warns delisting could impair capital raising, trigger defaults, and reduce stock liquidity.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

NOODLES & Co received a nasdaq delisting notice notice regarding minimum bid price (rules 5450(a)(1), 5810(c)(3)(A), 5505(b)).

Exchange: nasdaq
Notice: delisting notice
Deficiency: minimum bid price
Rules: 5450(a)(1), 5810(c)(3)(A), 5505(b)

Exact text from the filing

December 23, 2025 (the “Delisting Determination Letter”). The Delisting Determination Letter states that unless the Company requests a hearing before a Nasdaq Hearings Panel (the “Panel”) by December 30, 2025, the Company’s securities would be subject to suspension/delisting. Accordingly, the Company intends to request a hearing before the Panel on or before December 30, 2025. The hearing request will automatically stay any suspension or delisting action pending the hearing and the expiration of any additional extension period granted by the Panel following the hearing. In connection with the

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Source: SEC EDGAR

accession 0001275158-25-000116

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