Allbirds Receives Notice of Non-Compliance with Nasdaq Minimum Bid Price Requirement
SAN FRANCISCO, April 08, 2024 (GLOBE NEWSWIRE) — Allbirds, Inc.(NASDAQ:BIRD), a global lifestyle brand that innovates with naturally derived materials to make better footwear and apparel products in a better way, today announced that on April 2, 2024, Allbirds received notice (the “Notice”) from The Nasdaq Stock Market LLC (“Nasdaq”) that Allbirds is no longer in compliance with Nasdaq’s Listing Rule 5450(a)(1) 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.