Blue Apron receives non compliance notification from Nasdaq

Blue Apron received written notice on December 21, from the New York Stock Exchange, or NYSE, that the company is not in compliance with the NYSE continued listing standards, which require it to maintain: a minimum average closing price of at least $1.00 per share over a consecutive 30-day trading period; and an average global market capitalization of at least $50M over a consecutive 30-day trading period and, at the same time, a total stockholders’ equity equal to or greater than $50M. The company plans to notify the NYSE by January 6, 2023 of its receipt of the notice and that it intends to submit a plan to cure both the global market capitalization listing standard deficiency and the minimum share price listing standard deficiency.