Allbirds — Trading Well Below $1 — Has 6 Months to Raise Its Stock Price, Nasdaq Warns [Yahoo! Finance]
Allbirds, Inc. (BIRD)
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Source: Yahoo! Finance
A common stock had dropped below $1 dollar per share for 30 consecutive days, which does not comply with the stock exchange's policies, Allbirds said in a release. The company has six months to raise its stock price to more than $1 dollar for 10 consecutive business days. If the struggling sneaker company does not achieve that, it can be eligible for a six month extension. More from Footwear News Jennifer Lopez Laces Into Allbirds Sneakers in Los Angeles Allbirds to Close up to 15 Underperforming Stores in the US Amid Overhaul The company said it would “consider actions that it may take in response to this notification” to become compliant with Nasdaq listing requirements, but added that “no decisions about a response have been made at this time.” Since its initial public offering in 2021, Allbirds' stock has plunged more than 90 percent and currently trades at around 64 cents per share. After several quarters of falling sales, the company announced a business turnaround pla
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BIRD
Earnings
- 3/12/24 - Miss
BIRD
Sec Filings
- 4/25/24 - Form ARS
- 4/25/24 - Form DEFA14A
- 4/25/24 - Form DEF
- BIRD's page on the SEC website