Following its failure to file Q3, 2022, results with the U.S. Securities and Exchange Commission (SEC), retail store chain Bed, Bath & Beyond has now been informed by Nasdaq that its listing is at risk, as the retailer’s financial woes continue.
Bed, Bath & Beyond received a notice from the Listing Qualifications Department of Nasdaq, the world’s second-biggest stock exchange, on Jan. 12, informing the firm that it is not in compliance with requirements for continued listing. The firm is yet to file its quarterly report on Form 10-Q with the SEC for the period ending Nov. 26, 2022.
“The Notice has no immediate effect on the listing or trading of the Company’s common stock on the Nasdaq Global Select Market. The Notice states that the Company has 60 calendar days from the date of the Notice, or March 13, 2023, to submit a plan to regain compliance with the Listing Rule,” the company said in a filing with the SEC….