Blue Apron says NYSE accepts continued listing compliance plan

Blue Apron announced that the New York Stock Exchange has accepted the company’s business plan to regain compliance with the NYSE $50M average global market capitalization and stockholders’ equity requirement. The company’s Class A common stock will continue to be listed and traded on the NYSE during the share price cure period. As previously disclosed on December 23, 2022, Blue Apron received written notice from the NYSE on December 21, 2022 that it was not in compliance with the NYSE continued listing standards which require the company to maintain: (i) a minimum average closing price of at least $1.00 per share over a consecutive 30-day trading period; and (ii) an average global market capitalization of at least $50 million over a consecutive 30-day trading period and, at the same time, a total stockholders’ equity equal to or greater than $50M.