KIDPIK CORP.: Nasdaq/NYSE listing notice — Kidpik gets 180-day Nasdaq extension to March 18, 2024 for minimum bid price compliance

KIDPIK CORP.

Nasdaq granted 180-day extension to March 18, 2024 to regain $1.00 minimum bid price compliance.
Initial deficiency notice received March 22, 2023; extension requested August 29, 2023, granted September 19, 2023.
Stockholders approved reverse stock split (1:5 to 1:20) at June 19, 2023 meeting; board may implement if needed.
To comply, closing bid must be ≥$1.00 for ten consecutive business days; no assurance of compliance.
Failure to regain compliance could lead to delisting, reducing liquidity and impairing capital access.

item 3.01 item 8.01 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 0.95

KIDPIK CORP. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2), 5810(c)(3)(A)

Exact text from the filing

September 19, 2023, the Company received a letter from Nasdaq advising that the Company had been granted a 180-day extension to March 18, 2024, to regain compliance with the Minimum Bid Price Requirement, in accordance with Nasdaq Listing Rule 5810(c)(3)(A). The Company will continue to monitor the closing bid price of its Common Stock and will, if necessary, implement a reverse stock split of its outstanding securities, to regain compliance with the Minimum Bid Price Requirement. The stockholders of the Company, at the June 19, 2023, annual meeting of stockholders previously approved an amend

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Source: SEC EDGAR

accession 0001493152-23-033344

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