Lulus transfers to Nasdaq Capital Market after stockholder equity shortfall; reverse stock split approved

Lulu's Fashion Lounge Holdings, Inc.

Nasdaq approved transfer from Global to Capital Market effective June 10, 2025; symbol remains LVLU.
Company had ~$6.6M stockholders' equity vs $10M required for continued listing on Global Market.
Stockholders approved reverse stock split with ratio of 1-for-15; effective trading on split-adjusted basis June 30, 2025.
Company also faces minimum bid price deficiency; must regain compliance by August 26, 2025.
Annual meeting elected directors Dara Bazzano, John Black, Kelly McCarthy and ratified Deloitte as auditor.

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