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Birks Group Discloses Receipt of Notice From NYSE American

1. BGI was notified of non-compliance with NYSE listing standards. 2. The company must address equity issues to avoid delisting risks.

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FAQ

Why Very Bearish?

BGI's non-compliance with NYSE standards often precedes significant stock declines, like in similar cases historically.

How important is it?

Compliance issues directly affect investor confidence and stock value, crucial for BGI's market standing.

Why Short Term?

Immediate actions are required to rectify the compliance issues, making short-term impacts likely.

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MONTREAL--(BUSINESS WIRE)--Birks Group Inc. (the “Company”) (NYSE American LLC: BGI), announced that it received notice from the NYSE American LLC (“NYSE American”) on February 25, 2025 that the Company was not in compliance with the continued listing standards set forth in Sections 1003(a)(i) and (ii) of the NYSE American Company Guide (the “Company Guide”). Section 1003(a)(i) applies if a listed company has stockholders' equity of less than U.S. $2.0 million and has reported losses from conti.

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