---
schema_version: "secwatch.filing_event.v1"
accession: "0001855747-23-000029"
form_type: "8-K"
ticker: "BLND"
cik: "0001855747"
company_name: "Blend Labs, Inc."
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T23:02:03.033699+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Blend Labs receives NYSE delisting notice; average stock price below $1.00 for 30 trading days

## Summary
- NYSE notified Blend on April 28, 2023, of non-compliance with Section 802.01C due to avg closing price <$1.00 over 30 days.
- Company has six months from receipt to regain compliance; possible cure includes a reverse stock split if needed.
- Stock continues trading on NYSE; notice does not affect business operations or SEC reporting obligations.
- Blend plans to notify NYSE of intent to cure within 10 business days and is pursuing business initiatives to drive share price.

## SEC filing metadata
- accession: 0001855747-23-000029
- form_type: 8-K
- ticker: BLND
- cik: 0001855747
- company_name: Blend Labs, Inc.
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1855747/000185574723000029/0001855747-23-000029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1855747/000185574723000029/blnd-20230428.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001855747-23-000029
- JSON: https://secwatch.observer/filing/0001855747-23-000029.json
- Plain text: https://secwatch.observer/filing/0001855747-23-000029.txt

## Key facts
- Listing & Compliance Notices
  Blend Labs, Inc. received a nyse noncompliance notice notice regarding minimum bid price (rules 802.01C).
  - Exchange: nyse
  - Notice: noncompliance notice
  - Deficiency: minimum bid price
  - Rules: 802.01C
  source text: April 28, 2023, Blend Labs, Inc. (the “Company”) received notice (the “Notice”) from the New York Stock Exchange (the “NYSE”) that as of April 27, 2023 it was not in compliance with the continued listing standard set forth in Section 802.01C of the NYSE’s Listed Company Manual (“Section 802.01C”) because the average closing price of the Company’s Class A Common Stock (the “Common Stock”) was less than $1.00 per share over a consecutive 30 trading-day period. Pursuant to Section 802.01C, the Company has a period of six months following the receipt of the Notice to regain compliance with the min
  evidence_url: https://www.sec.gov/Archives/edgar/data/1855747/000185574723000029/0001855747-23-000029-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.