Nasdaq Warning and Compliance Requirements

Nasdaq's communication to Noodles & Company regarding its low stock price and noncompliance with the minimum bid requirement highlights the challenges faced by the fast-casual noodle chain. The minimum bid price requirement of $1 per share is a standard rule set by exchanges to maintain the quality and visibility of listed stocks. Noodles' share price dipping below this threshold since November 11 triggered the warning from Nasdaq.