Allbirds gets Nasdaq notice of non-compliance with Nasdaq minmum bid price rule

Allbirds announced that on April 2 Allbirds received notice from The Nasdaq Stock Marke that Allbirds is no longer in compliance with Nasdaq’s Listing Rule 5450 a1 because the closing bid price of the Allbirds’ Class A common stock has fallen below $1.00 per share for 30 consecutive days. Allbirds’ Class A common stock will continue to be listed and traded on the Nasdaq, subject to Allbirds’ compliance with other Nasdaq continued listing standards, and operations are not affected by receipt of the Notice.