Noodles & Company Approves 1-for-8 Reverse Stock Split to Maintain Nasdaq Listing

summarizeSummary

Noodles & Company's Board has approved a 1-for-8 reverse stock split, effective February 18, 2026, following shareholder approval, to regain compliance with Nasdaq's minimum bid price requirement and avoid delisting.

check_boxKey Events

• Shareholders Approve Reverse Stock Split

  Stockholders voted overwhelmingly in favor of amending the company's charter to effect a reverse stock split, with over 96% of votes cast in approval.

• Board Approves 1-for-8 Reverse Split Ratio

  The Board of Directors has determined and approved a 1-for-8 reverse stock split ratio, consolidating every eight existing shares into one new share.

• Reverse Split Effective February 18, 2026

  The reverse stock split is scheduled to become effective at 12:01 a.m. Eastern Time on February 18, 2026, with trading on a split-adjusted basis commencing the same day.

• Aims to Regain Nasdaq Compliance

  The primary goal of the reverse stock split is to increase the per-share price of the common stock to meet Nasdaq's $1.00 minimum bid price requirement and avoid delisting, following a previously disclosed non-compliance notification.

auto_awesomeAnalysis

Noodles & Company has finalized its plan to execute a 1-for-8 reverse stock split, a critical move aimed at regaining compliance with Nasdaq's minimum bid price requirement. This action follows shareholder approval and is essential to prevent the company's common stock from being delisted. While a reverse stock split does not alter the company's fundamental value, it is a necessary step for micro-cap companies like Noodles & Company to maintain their listing on a major exchange, which is crucial for liquidity and investor confidence. Investors should monitor the stock's performance post-split and the company's ability to sustain the higher price to ensure continued compliance.