Business Context and Reporting Period
Company: Noodles & Company (NDLS)
Filing Type: Form 8-K (Current Report)
Date of Report: February 5, 2025
Reporting Period: Event date of February 5, 2025
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The filing text does not provide a clear value for these metrics.
Material Changes
The filing reports a material change in the Company's listing status on The Nasdaq Stock Market LLC:
- Prior Status: On December 24, 2024, the Company received notice of non-compliance with Nasdaq Listing Rule 5450(a)(1) (Minimum Bid Requirement) due to the common stock closing below $1.00 per share for 30 consecutive business days.
- Current Status: On February 5, 2025, the Nasdaq Staff notified the Company that it had regained compliance with the Minimum Bid Requirement.
- Outcome: The compliance matter is now closed.
Guidance, Outlook, and Risks
This filing contains no management guidance, financial outlook, or discussion of future risks. The document solely addresses the resolution of the specific listing compliance issue regarding the minimum bid price.
Investor Verification Checklist
- Verify the current trading price of NDLS common stock to ensure it remains above the $1.00 threshold.
- Review the Company's recent 10-Q or 10-K filings for underlying financial performance that may have influenced the stock price volatility.
- Monitor future Nasdaq communications to ensure no new compliance notices are issued.