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BARK Dog Brand Regains Compliance with NY Stock Exchange Continued Listing Standards

By Pet Age Staff//March 5, 2024//

BARK Dog Brand Regains Compliance with NY Stock Exchange Continued Listing Standards

By: Pet Age Staff//March 5, 2024//

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BARK, Inc., a leading global omnichannel dog brand with the mission to make all dogs happy, has announced that it received a notice from the New York Stock Exchange (NYSE) on March 1, 2024 stating that the company has regained compliance with the continued listing standards set forth in Section 802.01C (Minimum Stock Price Standard) and will be removed from the NYSE’s noncompliant issuers list.

Under Section 802.01C, the company had six months following receipt of the notice to regain compliance with the listing standard. Compliance can be achieved if on the last trading day of any calendar month during the cure period (or the last trading day of the cure period) the company has a closing share price of at least $1.00 and an average closing share price of at least $1.00 over the prior 30 trading-day period ending on the last trading day of the applicable calendar month or the cure period.

The company previously received a noncompliance notice from the NYSE because the average closing price of the company’s common stock was less than $1.00 per share over a consecutive 30 trading-day period ended November 21, 2023. On February 29, 2024, the company’s common stock closed above $1.00 and had an average closing share price of at least $1.00 over the prior 30 trading-day period.