Container Store Group, Inc.: Nasdaq/NYSE listing notice — Container Store receives NYSE non-compliance notice for stock price below $1.00

Container Store Group, Inc.

Average closing price below $1.00 over 30 consecutive trading days triggered NYSE Section 802.01C notice on May 8, 2024.
Company intends to cure deficiency within six-month cure period; no immediate delisting.
Options include reverse stock split, subject to stockholder approval at next annual meeting.
Stock continues trading on NYSE under normal conditions while compliance is sought.
Cure possible if closing price is at least $1.00 on last trading day of any calendar month and 30-day average meets threshold.

item 3.01 item 7.01 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 0.9

Container Store Group, Inc. received a nyse deficiency notice notice regarding minimum bid price (rules 802.01C).

Exchange: nyse
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 802.01C

Exact text from the filing

May 8, 2024, The Container Store Group, Inc. (the “Company,” “we,” “us” or “our”) was notified by the New York Stock Exchange (the “NYSE”) that it is not in compliance with Section 802.01C of the NYSE Listed Company Manual because the average closing price of the Company’s common stock was less than $1.00 over a consecutive 30 trading-day period. The notice does not result in the immediate delisting of the Company’s common stock from the NYSE. On May 14, 2024 the Company notified the NYSE that it intends to cure the stock price deficiency and to return to compliance with the NYSE continued lis

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Source: SEC EDGAR

accession 0001628280-24-023049

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