Kidpik granted 180-day extension to meet Nasdaq bid price requirement

Kidpik Corp. announced that the company received written notification from the Listing Qualification Department of The Nasdaq Stock Market LLC granting the company’s request for a 180-day extension to regain compliance with Nasdaq’s minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2). The company now has until March 18, 2024 to meet the requirement. The company was first notified by Nasdaq of its failure to maintain a minimum bid price of $1.00 per share for 30 consecutive trading days under Nasdaq Listing Rule 5550(a)(2) on March 22, 2023, and was given until September 18, 2023, to regain compliance. At any time during the additional 180-day extension, if the bid price of the company’s common stock closes at, or above, $1.00 per share for a minimum of ten consecutive business days, the Nasdaq staff will provide the company with a written confirmation of compliance and the matter will be closed.