Noodles & Company stock price decline brings threat of delisting
Noodles & Company is working on its menu with the hope of increasing traffic. | Photo courtesy of Noodles & Company.
Noodles & Company is in danger of being delisted from the Nasdaq Global Select Market because its stock price has dipped too low for too long.
The Broomfield, Colorado-based fast-casual chain received a notification letter on Dec. 24, according to filings with the U.S. Securities and Exchange Commission. The letter notes that the chain is not in compliance with rules that require listed securities to maintain a minimum closing bid price of $1 per share. Prior to the notice, Noodles’ closing bid price for the company’s common stock was below that price for 30 consecutive business days.
The company has 180 calendar days,…
