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An announcement from Kidpik Corp ( (PIK) ) is now available.
Kidpik Corp has been notified by Nasdaq of its decision to delist the company’s securities due to non-compliance with the minimum shareholders’ equity rule. This move will result in Kidpik’s shares transitioning to the OTC Pink Market. Despite efforts to regain compliance through a merger with Nina Footwear, delays have hindered progress, leading to the delisting decision. The company plans to appeal but anticipates challenges in trading liquidity and share price valuation post-delisting.
More about Kidpik Corp
Kidpik Corp, established in 2016, operates as an online clothing subscription service specializing in children’s fashion. The company delivers curated, mix-and-match outfits based on individual style preferences, offering a convenient shopping experience for parents and engaging discovery for kids. Apart from subscription boxes, Kidpik also retails its branded apparel and footwear via its e-commerce platform.
YTD Price Performance: 29.35%
Average Trading Volume: 387,688
Technical Sentiment Consensus Rating: Buy
Find detailed analytics on PIK stock on TipRanks’ Stock Analysis page.