Noodles & Company (NASDAQ: NDLS) restores Nasdaq bid price compliance

Rhea-AI Filing Summary

Noodles & Company reported that it has regained compliance with Nasdaq’s minimum bid price requirement for continued listing on the Nasdaq Global Select Market. Nasdaq rules require a company’s common stock to maintain a closing bid price of at least $1.00 per share.

The company had previously received a deficiency notice on June 24, 2025, after its stock closed below $1.00 for 30 consecutive business days. On March 5, 2026, Nasdaq staff notified Noodles & Company that the closing bid price had been at or above $1.00 per share for 10 consecutive business days, restoring compliance and closing the matter.

Positive

• Nasdaq compliance restored: The company’s stock met the $1.00 minimum bid requirement for 10 consecutive business days, leading Nasdaq to confirm Noodles & Company is back in full compliance and closing the prior deficiency matter.

Negative

• None.

Insights

Equity markets and listing standards analyst

Regaining Nasdaq bid-price compliance removes an overhang from delisting risk.

Noodles & Company confirms that its common stock now meets Nasdaq’s $1.00 minimum bid price rule after trading at or above that level for 10 consecutive business days. This resolves a prior deficiency notice tied to a sub‑$1.00 bid over 30 days.

Maintaining Nasdaq Global Select Market listing helps preserve liquidity, visibility, and index eligibility, which can matter to institutional investors. With Nasdaq staff stating the matter is closed as of March 5, 2026, attention can return to the company’s fundamentals and future disclosures.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_______________

FORM 8-K

CURRENT REPORT PURSUANT

TO SECTION 13 OR 15 (d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): March 5, 2026

NOODLES & COMPANY

(Exact name of registrant as specified in its charter)

Delaware

001-35987

84-1303469

(State or Other Jurisdiction of

(Commission File Number)

(I.R.S. Employer

Incorporation)

Identification No.)

520 Zang Street, Suite D

Broomfield,

CO

80021

(Address of principal executive offices)

(Zip Code)

Registrant’s Telephone Number, Including Area Code: (720) 214-1900

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol(s)			Name of each exchange on which registered
Class A common stock			NDLS			Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01. Other Items.

As previously disclosed, on June 24, 2025, Noodles & Company (the “Company”) received a deficiency letter (the “Notice”) from the Listing Qualifications Department (the “Staff”) of the Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that because the closing bid price per share of the Company’s common stock was below $1.00 per share for 30 consecutive business days preceding the date of the Notice, the Company did not meet the $1.00 per share minimum bid price requirement for continued inclusion on The Nasdaq Global Select Market pursuant to Nasdaq Listing Rule 5810(c)(3)(A) (the “Bid Price Rule”).

On March 5, 2026, the Company received a letter from the Staff notifying the Company that it had regained compliance with the Bid Price Rule as a result of the closing bid price of the Company’s common stock being at $1.00 per share or greater for the prior 10 consecutive business days. Accordingly, the letter indicated the Company is in compliance with the Bid Price Rule and the matter is closed.

.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

						Noodles & Company
DATE: March 9, 2026			By:			/s/ Mike Hynes
			Name:			Mike Hynes
			Title:			Chief Financial Officer

FAQ

What did Noodles & Company (NDLS) announce in this 8-K filing?

Noodles & Company announced it has regained compliance with Nasdaq’s minimum bid price rule. Nasdaq confirmed the stock traded at or above $1.00 per share for 10 straight business days, closing the earlier deficiency notice.

Why was Noodles & Company previously non-compliant with Nasdaq rules?

The company became non-compliant after its common stock’s closing bid price stayed below $1.00 per share for 30 consecutive business days. Nasdaq then issued a deficiency letter on June 24, 2025, citing failure to meet the minimum bid price requirement.

How did Noodles & Company regain compliance with the Nasdaq bid price rule?

Compliance was regained when the stock’s closing bid price reached $1.00 per share or higher for 10 consecutive business days. On March 5, 2026, Nasdaq staff notified the company that the minimum bid requirement was satisfied and the issue resolved.

What Nasdaq rule is relevant to Noodles & Company’s listing status?

The relevant standard is Nasdaq Listing Rule 5810(c)(3)(A), often called the minimum bid price rule. It requires a company’s common stock to maintain at least a $1.00 per share closing bid price for continued listing on the Nasdaq Global Select Market.

What does regaining Nasdaq compliance mean for NDLS shareholders?

Regaining compliance means Noodles & Company’s shares currently satisfy Nasdaq’s $1.00 minimum bid price standard. This removes the immediate delisting risk tied to the prior deficiency notice and helps preserve trading liquidity and exchange visibility for shareholders.

Filing Exhibits & Attachments

3 documents

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