Noodles & Company received a notice from Nasdaq on January 2, 2025, indicating non-compliance with the exchange's minimum bid price requirement. The company's stock price had fallen below $1 per share following its disappointing third-quarter earnings report and had not recovered. This notice signals a potential risk to the company's listing status.
The Nasdaq minimum bid price rule requires listed securities to maintain a closing bid price of at least $1. Failure to regain compliance within a specified period could lead to the delisting of the company's shares. This situation can impact investor confidence and the liquidity of the stock.
The company had previously regained compliance in February 2025, but this new notice indicates a recurring challenge with its stock valuation. Management will need to address this issue to maintain its listing on the Nasdaq Global Select Market, which is important for institutional investors and overall market perception.
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