Shares in a once-thriving restaurant chain have dropped so much that the company faces the ax from the stock market.

Noodles & Company – with 471 restaurants across 31 states – is teetering on the edge of being delisted from the Nasdaq Global Select Market after its stock price plunged below $1 as losses have mounted. 

The warning caps off a disastrous 2024 for the chain, which has struggled to execute a turnaround under new CEO Drew Madsen. 

After taking the helm in March, he revamped the menu, and in August…