Core Points - Lulu's Fashion Lounge Holdings, Inc. has regained compliance with Nasdaq's minimum bid price requirement for continued listing on The Nasdaq Capital Market [1][2] - The company met the requirement by maintaining a minimum closing bid price of $1.00 or more for at least 10 consecutive business days, achieving this on July 18, 2025 [2] Company Overview - Lulus is a California-based attainable luxury fashion brand for women, offering modern and feminine designs at accessible prices for various occasions [3] - Founded in 1996, Lulus focuses on delivering fresh styles daily, utilizing direct consumer feedback to enhance product offerings and customer experience [3] - The company emphasizes exceptional customer service through its personal stylists, bridal concierge, and customer care team [3]

Core Points - The company announced a 1-for-15 reverse stock split effective July 3, 2025, to comply with Nasdaq's minimum bid price requirement [1][2] - The reverse stock split will reduce the number of outstanding shares from approximately 41,492,767 to about 2,766,185 shares [4] - The company entered into a Forbearance Agreement with Bank of America on June 23, 2025, providing additional time to pursue alternative debt financing options [5] Reverse Stock Split Details - The reverse stock split will combine every fifteen shares into one share without changing the par value [3] - No fractional shares will be issued; stockholders will receive whole shares rounded up [3] - The authorized shares will remain unchanged at 250,000,000 shares [4] Forbearance Agreement Insights - The Forbearance Agreement will expire upon the occurrence of certain events, including any Event of Default or breach of the agreement [5] - The company has received two bona fide term sheets from reputable financial institutions for a potential refinancing transaction [5]

Group 1 - Lulu's Fashion Lounge Holdings, Inc. announced the resignation of CFO Tiffany R. Smith effective June 30, 2025, due to personal family-related matters [1] - The transition is not related to any disagreements regarding the company's financial reporting, accounting practices, or internal controls [1] - Crystal Landsem, the CEO, will take on the role of Interim CFO while the Board of Directors searches for a permanent successor [1] Group 2 - Tiffany R. Smith has been with Lulus for four years, and the CEO expressed gratitude for her contributions [2] - Lulus is positioned as an attainable luxury fashion brand for women, offering modern designs at accessible prices [2] - The company aims to enhance customer experience through direct consumer feedback and insights, along with a commitment to exceptional customer service [2]

Company Announcement - Lulu's Fashion Lounge Holdings, Inc. will release its first quarter 2025 financial results on May 14, 2025, after market close [1] - A conference call and live webcast will be held at 5:00 p.m. Eastern Time on the same day for the investment community [1] Access Information - The financial results and live webcast will be available through the Investor Relations section of the Company's website [2] - To access the conference call, U.S. callers can dial 1-877-407-0792, while international callers can use 1-201-689-8263 [2] Replay Details - A replay of the conference call will be available shortly after the call for seven days [3] - U.S. callers can access the replay by dialing 1-844-512-2921, and international callers can use 1-412-317-6671 with access code 13752976 [3] Company Overview - Lulus is an attainable luxury fashion brand for women, headquartered in California, serving millions of customers worldwide [4] - The brand focuses on modern, feminine designs at accessible prices for various occasions, aiming to make every woman feel confident [4] - Founded in 1996, Lulus utilizes direct consumer feedback to refine product offerings and enhance customer experience [4]