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0.000166722240746897 0.000166722240746897 0.000166722240746897 0.000166722240746897 -0.00433477825941988 0 0.000166722240746897 0.00833611203734579
Stock impact report

Noodles & Company approves 1-for-8 reverse stock split [Yahoo! Finance]

Noodles & Company (NDLS) 
Last noodles & company earnings: 2/26 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: noodles.com
Company Research Source: Yahoo! Finance
Noodles & Company voted to merge eight of its shares into one in a reverse stock split of its Class A common stock effective Feb. 18 at 12:01 a.m. Eastern Time. The move is being made as the fast-casual dining chain's shares have been at risk of delisting from the Nasdaq stock exchange due to its low price.  Nasdaq requires the shares it lists to be priced at a minimum of $1, and Noodles has been out of compliance of that regulation for more than six months. The stock will continue to trade under its existing symbol, NLDS. The company's shareholders voted on the split at a special meeting held on Feb. 4 with more than 96% votes cast approving of a reverse stock split within the range of 1-for-2 to 1-for-15. The board of directors then approved the 1-for-8 ratio.  Fractional shares will be rounded up, the company said.  Noodles & Company's transfer agent, Equiniti, will serve as the agent for the split.  Late last year, Noodles & Company received a delisting determinatio Show less Read more
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