Business Context and Reporting Period
This Form 8-K filing by Noodles & Company (NDLS) is dated March 5, 2026, with the report signed on March 9, 2026. The filing addresses the company's compliance status with the Nasdaq Stock Market LLC regarding its listing requirements.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The only financial metric disclosed is the stock price performance required for listing compliance.
Material Changes
The primary material change reported is the resolution of a listing deficiency. On June 24, 2025, the company received a notice that its stock price had fallen below $1.00 per share for 30 consecutive business days, violating Nasdaq Listing Rule 5810(c)(3)(A). As of March 5, 2026, the company regained compliance after maintaining a closing bid price of $1.00 or greater for 10 consecutive business days.
Guidance, Outlook, and Risks
The filing indicates that the matter regarding the minimum bid price requirement is now closed. There is no forward-looking guidance, management commentary on operations, or discussion of new risks or contingencies in this specific report.
Investor Verification Checklist
- Verify the current trading price of NDLS to ensure it remains above the $1.00 threshold.
- Review the June 24, 2025 deficiency letter and any subsequent communications regarding the compliance period.
- Confirm the company's status on the Nasdaq Global Select Market remains active.
- Check for any upcoming financial reports that may explain the stock price volatility leading to the initial deficiency.