Allbirds faces US exchange delisting

Delisting would be a worst-case scenario for Allbirds. (Image: Grant Bradley)

Wed, 10 Apr 2024

Allbirds was issued a price non-compliance warning by the Nasdaq on Wednesday, triggered by its shares trading at under US$1 for 30 consecutive days.The notice kicks off a process that could end in the Kiwi-American firm being delisted from the exchange.The maker of eco-friendly shoes featuring NZ merino wool can avoid that fate if it manages to trade over US$1 (NZ$1.65) for a minimum of 10 consecutive days or more over the next 180 days – before September 30.In certain circumstances, it would appeal for another 180 days.“If th...

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