KIDPIK Regains Compliance with the Nasdaq Minimum Bid Price Requirement
25 Mars 2024 - 1:02PM
Business Wire
Kidpik Corp. (NASDAQ: PIK) ("kidpik” or the "Company"), an
online clothing subscription-based e-commerce company, today
announced that the Company received written notification from the
Listing Qualification Department of The Nasdaq Stock Market LLC
(“Nasdaq”) notifying the Company that is has regained full
compliance with the Minimum Bid Price Requirement.
Effective March 7, 2024, 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.
About KIDPIK Corp.
Founded in 2016, KIDPIK (NASDAQ:PIK) is an online clothing
subscription box for kids, offering mix-&-match, expertly
styled outfits that are curated based on each member's style
preferences. KIDPIK delivers a surprise box monthly or seasonally,
providing an effortless shopping experience for parents and a fun
discovery for kids. Each seasonal collection is designed in-house
by a team with decades of experience designing childrenswear.
KIDPIK combines the expertise of fashion stylists with proprietary
data science and technology to translate kids' unique style
preferences into surprise boxes of curated outfits. We also sell
our branded clothing and footwear through our e-commerce website,
shop.kidpik.com.
For more information, visit www.kidpik.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240325122974/en/
Investor Relations: ir@kidpik.com
Media: press@kidpik.com
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