Noodles & Company Announces Plans For 1-for-8 Reverse Stock Split Effective February 18, 2026

Core Viewpoint - Noodles & Company plans to implement a 1-for-8 reverse stock split of its Class A common stock to comply with Nasdaq's minimum bid price requirement, effective February 18, 2026 [1][2][3]. Group 1: Reverse Stock Split Details - The reverse stock split will convert 8 shares of Common Stock into 1 share, with proportional adjustments made to outstanding equity awards and stock incentive plans [4]. - The reverse stock split aims to meet the $1.00 minimum bid price requirement for maintaining its Nasdaq listing [2][3]. - Over 96% of stockholders approved the reverse stock split proposal at a special meeting held on February 4, 2026 [3]. Group 2: Implementation Process - The new CUSIP number for the Common Stock post-split will be 65540B303, and trading will begin on a split-adjusted basis on February 18, 2026 [2]. - No fractional shares will be issued; stockholders will receive additional shares to round up to the next whole share if necessary [5]. - The company's transfer agent, Equiniti, will manage the exchange process for the reverse stock split, with instructions provided to stockholders [6]. Group 3: Company Background - Noodles & Company has been serving a variety of noodle dishes since 1995, with over 400 restaurants and a focus on flavor and customer experience [7].