Traeger (NYSE: COOK) back in NYSE compliance, still pursuing reverse split
Rhea-AI Filing Summary
Traeger, Inc. reports that it has regained compliance with the New York Stock Exchange’s minimum share-price listing requirement. The NYSE notified the company on February 3, 2026 that its common stock again meets Section 802.01C because the closing price was above $1.00 on January 30, 2026 and the 30‑trading‑day average closing price ending that day also exceeded $1.00. This follows a prior NYSE notice on November 19, 2025 that the stock had traded below the $1.00 threshold for 30 consecutive trading days. The company still plans to seek stockholder approval for a reverse stock split at the Board’s discretion, as outlined in a definitive proxy statement filed on January 26, 2026.
Positive
- Regained NYSE listing compliance: The NYSE confirmed on February 3, 2026 that Traeger’s common stock again meets the $1.00 minimum average closing price requirement, easing immediate delisting concerns tied to Section 802.01C.
Negative
- None.
Insights
Traeger regains NYSE price compliance but continues to pursue reverse split authority.
Traeger, Inc. has moved back into compliance with the NYSE’s $1.00 minimum share-price rule after previously falling below that threshold for 30 consecutive trading days. This reduces near-term delisting risk tied specifically to Section 802.01C of the NYSE Listed Company Manual.
The company notes that on January 30, 2026 its stock closed above $1.00, and the 30‑trading‑day average closing price ending that date also exceeded $1.00. The NYSE’s February 3, 2026 notice confirms the exchange’s acceptance of this recovery under its continued listing criteria.
Despite regaining compliance, the company still intends to seek shareholder approval to implement a reverse stock split at the Board’s discretion, referencing a definitive proxy filed on January 26, 2026. This suggests management wants structural flexibility on share price even after satisfying current NYSE requirements.
8-K Event Classification
FAQ
What did Traeger, Inc. (COOK) announce in this 8-K filing?
Why was Traeger, Inc. previously out of compliance with NYSE rules?
How did Traeger, Inc. regain NYSE listing compliance?
Does Traeger, Inc. still plan a reverse stock split after regaining compliance?
What NYSE rule is referenced in Traeger, Inc.’s compliance update?
What security of Traeger, Inc. is listed on the NYSE and under what symbol?