Kidpik regains compliance with Nasdaq

Kidpik announced that the company received written notification from the Listing Qualification Department of Nasdaq notifying the company that is has regained full compliance with the minimum bid price requirement. Effective March 7, the company affected a 1-for-5 reverse stock split of our outstanding stock in an effort to satisfy the minimum bid price requirement; as a result Nasdaq has determined that for 10 consecutive days the closing bid price of the company’s common stock was at or above $1.00 per share, and that the matter is now closed.