BARK, Inc. announced it received a notice from the New York Stock Exchange (NYSE) on July 10, 2025, indicating non-compliance with its continued listing standards. The notice, issued under Section 802.01C, states that the average closing price of BARK's common stock was less than $1.00 per share over a consecutive 30 trading-day period ending July 9, 2025. This triggers a formal review process by the exchange.
Under NYSE rules, BARK has a six-month period to regain compliance with the Minimum Stock Price Standard. To do so, the company must achieve a closing share price of at least $1.00 and an average closing share price of at least $1.00 over the prior 30 trading-day period by the end of the cure period. Failure to meet this standard could result in delisting.
BARK stated its intention to remain listed on the NYSE and is evaluating all available options to regain compliance, including a potential reverse stock split, which would be subject to stockholder approval. The company clarified that the notice has no immediate impact on the listing of its common stock or its ongoing business operations and SEC reporting requirements. However, this situation introduces uncertainty for investors regarding the company's future listing status.
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