Noodles & Company Faces Possible nasdaq Delisting
Updated July 3, 2025
Noodles & Company, the Colorado-based pasta chain, is facing a possible delisting from the Nasdaq stock exchange. The U.S. Securities and Exchange Commission (SEC) notified the company that its stock price has fallen below the minimum bid price of $1 per share for more than 30 business days, putting it out of compliance with Nasdaq listing rules. this is the second such warning for the fast-casual chain in six months, the first arriving in December 2024.
The company has 180 calendar days, until Dec. 22, 2025, to regain compliance. During this period, the stock price must remain above $1 per share for at least 10 consecutive days. Alternatives include requesting an extension or transferring the listing to the Nasdaq Capital Market for another 180 days. If Nasdaq sees no improvement, delisting could occur.
Noodles & Company indicated in a filing that it would monitor the stock price and consider options, including a reverse stock split, which requires stockholder approval. Earlier in 2025, the chain, which has nearly 500 restaurants, revealed the closure of at least 21 underperforming locations, adding to the nine closures as the end of the first quarter of 2024.
Drew Madsen, a member of the Board of directors, said the brand is in the midst of an overhaul, including a new menu. He highlighted the success of new menu items introduced in October,such as Lemon Garlic Shrimp Scampi,Chipotle Chicken Cavatappi,and Crispy Chicken Bacon Alfredo,as well as six new items in March and an improved mac & cheese line. A limited-time offer of Steak Stroganoff also performed well.
Madsen said the menu rollout lead to a sales increase of about 5
