KIDPIK Granted 180-Day Extension To Meet Nasdaq Minimum Bid Price Requirement
Portfolio Pulse from Benzinga Newsdesk
Kidpik Corp. has been granted a 180-day extension by Nasdaq to meet its minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2). The company now has until March 18, 2024, to meet the requirement. If necessary, Kidpik may implement a reverse stock split to regain compliance, a move approved by stockholders at the June 19, 2023, annual meeting.
September 21, 2023 | 8:16 pm
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NEUTRAL IMPACT
Kidpik Corp. has been granted an extension to meet Nasdaq's minimum bid price requirement. The company may implement a reverse stock split if necessary, which could impact the stock's price.
The news directly pertains to Kidpik Corp. and its ability to meet Nasdaq's minimum bid price requirement. The potential for a reverse stock split could impact the stock's price, but it's uncertain whether this will be positive or negative. Hence, the score is neutral.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100