regulatory
confidence high
sentiment negative
materiality 0.55
ThredUp receives Nasdaq and LTSE bid price deficiency notices
ThredUp Inc.
- Nasdaq deficiency letter on Sep 24, 2024; 180 days until Mar 24, 2025 to regain $1.00 minimum bid price.
- LTSE deficiency letter on Sep 26, 2024; 180 days until Mar 26, 2025 to comply.
- Stock continues trading on both exchanges under TDUP; compliance requires $1 close for 10 consecutive days.
- Company may consider a reverse stock split or other options to cure deficiency; delisting possible if not resolved.