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Noodles & Company filed a current report stating that it issued a press release with earnings and other financial results for its fiscal quarter ended July 1, 2025. Management planned to review these results on a conference call at 4:30 p.m. EST on August 13, 2025.
The press release with the detailed financial information is included as Exhibit 99.1 to the report and is furnished rather than filed, meaning it is not subject to certain Exchange Act liabilities and is not automatically incorporated into other SEC filings unless specifically referenced.
Noodles & Company (NDLS) has received a notification from Nasdaq on June 24, 2025, indicating non-compliance with the exchange's minimum bid price requirement. The company's stock has traded below the required $1.00 per share threshold for 30 consecutive business days.
Key compliance details:
- Company has 180 calendar days (until December 22, 2025) to regain compliance
- Must maintain $1.00+ closing bid price for minimum of 10 consecutive business days
- May be eligible for additional 180-day compliance period if transferred to Nasdaq Capital Market
- Company considering all options including potential reverse stock split
While the notice has no immediate effect on NDLS's listing status, failure to regain compliance could result in delisting from Nasdaq Global Select Market. Management is actively monitoring the situation but cannot guarantee successful resolution of the compliance issue.