Allbirds, Inc. (BIRD): Nasdaq/NYSE listing notice — Allbirds receives Nasdaq delisting notice for bid price below $1.00

Allbirds, Inc.

Notice on April 2, 2024; closing bid price below $1.00 for 30 consecutive days.
180-day cure period until September 30, 2024 to regain compliance.
To cure, bid price must close at $1.00+ for 10 consecutive business days.
If not cured, may seek additional 180-day period on Nasdaq Capital Market.
Company monitoring bid price; no specific remedial actions decided yet.

Key facts

Extracted from this filing and checked against the source text.

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

Allbirds, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1), 5810(c)(3)(A)).

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

Exact text from the filing

April 2, 2024, Allbirds, Inc. (the “Company”) received written notice (the "Notice") from the listing qualifications staff of The Nasdaq Stock Market LLC (“Nasdaq”) that the Company is no longer in compliance with Nasdaq Listing Rule 5450(a)(1) because the closing bid price of the Company's Class A common stock has fallen below $1.00 per share for 30 consecutive business days. Nasdaq's notice has no immediate effect on the listing or trading of the Company's Class A common stock on The Nasdaq Global Select Market. Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided an

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Allbirds, Inc. filing history →

Source: SEC EDGAR

accession 0001653909-24-000020

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