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Stock impact report

Nasdaq just gave former unicorn Allbirds a 6-month warning to raise its stock price or risk getting booted—experts say to look at its B Corp status [Fortune]

Allbirds, Inc. (BIRD) 
Company Research Source: Fortune
the attention of investors like Leonardo Dicaprio and Warby Parker founder Andrew Hunt. In fact, its social purpose was inextricable from its business model. Now it's on a six-month warning. The San Francisco-based eco-friendly shoe brand received a non-compliance notice from Nasdaq on Monday after its share prices fell below $1 for 30 consecutive days. Hovering around $0.60 per share for the past two weeks, the last time Allbirds stock was above the dollar cutoff for the market's listing compliance was Feb. 15 According to Nasdaq's listing rules , Allbirds has six months, or until Sept. 30, to regain compliance by having its common stock close at over $1 for 10 consecutive business days. The company said in a press release that it will “actively monitor” stock prices and “consider actions that it may take in response to this notification.” “Over the past year, under our plan, we significantly improved our business model–cleaned up inventory, captured cost savings, reduced our o Show less Read more
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