BROOMFIELD, Colo., Feb. 04, 2026 (GLOBE NEWSWIRE) -- Noodles & Company (Nasdaq: NDLS) announced toda...








    



            







    
        
            February 04, 2026 16:30 ET
        

        
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                Noodles & Company
            
                

        
    

    

    

    





        
BROOMFIELD, Colo., Feb.  04, 2026  (GLOBE NEWSWIRE) -- Noodles & Company (Nasdaq: NDLS) announced today that it plans to effect a 1-for-8 reverse stock split ("Reverse Stock Split") of its Class A common stock, par value $0.01 per share ("Common Stock"), that is expected to become effective on February 18, 2026 at 12:01 a.m.. Eastern Time.  Noodles’ Common Stock will continue to trade on The Nasdaq Global Select Market (“Nasdaq”) under the existing symbol “NDLS” and is expected to begin trading on a split-adjusted basis when the market opens on February 18, 2026. The new CUSIP number for the Common Stock following the Reverse Stock Split will be 65540B303.  The Reverse Stock Split is being implemented with the goal of bringing the Company into compliance with the $1.00 minimum bid price requirement for maintaining its listing on Nasdaq.  At the Company’s Special Meeting of Stockholders held on February 4, 2026, the Company’s stockholders approved a proposal to authorize a reverse stock split of the Company’s Common Stock, at a ratio within the range of 1-for-2 to 1-for-15. Of the votes cast, over 96% were in favor of approval. The Company’s board of directors then approved a 1-for-8 reverse split ratio and the Company plans to file a Certificate of Amendment to its Amended and Restated Certificate of Incorporation to effect the Reverse Stock Split effective February 18, 2026.  The 1-for-8 reverse stock split will automatically combine and convert 8 current shares of the Company’s Common Stock into one issued and outstanding share of Common Stock. Proportional adjustments also will be made to outstanding equity awards, and to the number of shares issued and issuable under the Company's stock incentive plans. The Reverse Stock Split will not change the par value of the Common Stock nor the authorized number of shares of Common Stock, preferred stock or any series of preferred stock.  No fractional shares will be issued in connection with the Reverse Stock Split. Stockholders of record who otherwise would be entitled to receive fractional shares because they hold a number of shares not evenly divisible by the Reverse Stock Split ratio will automatically be entitled to receive an additional fraction of a share of Common Stock to round up to the next whole share. With respect to outstanding Common Stock held in “street name” through a bank, broker or other nominee, fractional shares will be rounded up at the participant level. Cash will not be paid for fractional shares.  The Company’s transfer agent, Equiniti, will serve as exchange agent for the Reverse Stock Split. Registered stockholders holding pre-split shares of the Company’s Common Stock electronically in book-entry form are not required to take any action to receive post-split shares. Banks, brokers or other nominees will be instructed to effect the Reverse Stock Split for their customers holding shares of the Common Stock in “street name,” subject to such bank, broker or other nominee’s particular processes. Record stockholders holding shares of the Common Stock in certificated form will be sent a transmittal letter by the exchange agent after the effective time of the Reverse Stock Split. The letter of transmittal will contain instructions on how a stockholder should surrender such stockholder’s certificate(s) representing shares of the Common Stock to the exchange agent.  About Noodles & Company  Noodles & Company has known noodles since 1995. For 30 years, the brand has brought people together over craveable classics and globally inspired flavors, from indulgent Creamy Mac & Cheese to bold Japanese Pan Noodles. With more than 400 restaurants and a team of passionate noodle lovers, Noodles is built on flavor, comfort, and a people-first culture. To learn more and to find the location nearest you, visit www.noodles.com.  Forward Looking Statements  This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties such as the Company’s plans to implement the Reverse Stock Split and its ability to regain compliance with Nasdaq’s continued listing requirements. In some cases, you can identify forward-looking statements by terms such as “may,” “might,” “will,” “objective,” “intend,” “should,” “could,” “can,” “would,” “expect,” “believe,” “design,” “estimate,” “predict,” “potential,” “plan” or the negative of these terms and similar expressions intended to identify forward-looking statements. These statements reflect our current views with respect to future events and are based on currently available operating, financial and competitive information. Examples of forward-looking statements include all matters that are not historical facts, such as statements regarding expectations with respect to our business strategy and plans to deliver financial results. Our actual results may differ materially from those anticipated in these forward-looking statements due to reasons including, but not limited to, the Company’s ability to implement the Reverse Stock Split and the potential effects thereof; the Company’s ability to regain compliance with Nasdaq’s continued listing requirements or otherwise maintain compliance with any other requirements for continued listing on the Nasdaq Global Select Market; the impact of any delisting of the Company’s common stock from The Nasdaq Global Select Market and the other risks set forth in the Company’s filings with the Securities and Exchange Commission. For additional information on these and other factors that could affect the Company’s forward-looking statements, see the Company’s risk factors, as they may be amended from time to time, set forth in its filings with the SEC, included in our most recently filed Annual Report on Form 10-K, and, from time to time, in our subsequently filed Quarterly Reports on Form 10-Q. The Company disclaims and does not undertake any obligation to update or revise any forward-looking statement in this press release, except as may be required by applicable law or regulation.  Contacts:  Investor Relationsinvestorrelations@noodles.com  MediaDanielle Moore(720) 214-1971press@noodles.com  
            

NDLS

Noodles & Company Announces Plans For 1-for-8 Reverse Stock Split Effective February 18, 2026

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>BROOMFIELD, Colo., Feb. 04, 2026 (GLOBE NEWSWIRE) -- Noodles &amp; Company (Nasdaq: NDLS) announced toda...</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Noodles &amp; Company will enact a 1-for-8 reverse stock split on February 18, 2026, to comply with Nasdaq&#039;s listing requirements. This move, approved by over 96% of shareholders, is a critical step for the company to maintain market credibility and avoid delisting risks.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Noodles &amp; Company announces a 1-for-8 reverse stock split.</li><li>Reverse split aims to comply with Nasdaq&#039;s $1 minimum bid requirement.</li><li>96% of shareholders approved the reverse stock split at a special meeting.</li><li>Effective date for the split is February 18, 2026.</li><li>No fractional shares will be issued; rounding up applies.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Nasdaq (N/A)</strong>: NDLS is addressing compliance with Nasdaq&#039;s listing requirements.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This fits under Corporate Developments as it involves a crucial operational change to maintain listing status, thus impacting investor confidence and perception.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>The reverse stock split is expected to boost share price above $1.</li><li>Continued listing on Nasdaq may attract more institutional investment.</li><li>Positive sentiment if market reacts favorably post-split.</li><li>Shareholder approval strength signals strong investor confidence in management.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Reverse stock split ratio: 1-for-8.</li><li>Effective date: February 18, 2026.</li><li>Approval from over 96% of voting shareholders.</li><li>Existing shares to be adjusted with a new CUSIP number: 65540B303.</li><li>No fractional shares issued; rounding up applies.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Investors should consider NDLS as a speculative buy ahead of the split&#039;s effective date.</p>
  </section>
</section>


<article>
    <h2>Noodles & Company Announces 1-for-8 Reverse Stock Split Effective February 18, 2026</h2>
    <p>BROOMFIELD, Colo., February 4, 2026 (GLOBE NEWSWIRE) — Noodles & Company (Nasdaq: <strong>NDLS</strong>) has announced plans to implement a 1-for-8 reverse stock split of its Class A common stock, effective February 18, 2026, at 12:01 a.m. Eastern Time. This move aims to ensure compliance with Nasdaq's minimum bid price requirement of $1.00, while the stock will continue to trade under the symbol “<strong>NDLS</strong>” on the Nasdaq Global Select Market.</p>

    <section>
        <h3>Details of the Reverse Stock Split</h3>
        <p>The reverse stock split will consolidate 8 shares of Noodles & Company's common stock into 1 issued share. Following the split, the new CUSIP number for the common stock will be 65540B303. This decision received overwhelming support at the Special Meeting of Stockholders held on the same day, where over 96% of cast votes approved the split.</p>
        <ul>
            <li>Effective Date: February 18, 2026</li>
            <li>Reverse Split Ratio: 1-for-8</li>
            <li>New CUSIP Number: 65540B303</li>
        </ul>
    </section>

    <section>
        <h3>Impact on Shareholders</h3>
        <p>Noodles & Company will adjust outstanding equity awards and the number of shares issued under its stock incentive plans proportionally to reflect the reverse stock split. Importantly, no fractional shares will be issued during this transition. Stockholders whose shares create fractional amounts will receive an additional whole share instead of a cash payment for fractions.</p>
        <ul>
            <li>Fractional shares will be rounded up to the next whole share.</li>
            <li>The exchange agent for the split will be Equiniti.</li>
        </ul>
    </section>

    <section>
        <h3>Future Outlook</h3>
        <p>This reverse stock split is a strategic effort by Noodles & Company to secure its position on the Nasdaq, enhancing its visibility and potentially attracting more investors. The company has emphasized its commitment to meeting compliance requirements, which is crucial for maintaining its stock market listing.</p>
        <p>Noodles & Company has been in the industry since 1995, with over 400 locations, continuously providing customers a diverse menu that ranges from comfort food to globally-inspired dishes.</p>
    </section>

    <section>
        <h3>About Noodles & Company</h3>
        <p>Noodles & Company has built a reputation for its wide variety of noodle dishes and has been a staple in the restaurant industry for three decades. The brand is dedicated to serving high-quality food that brings people together. For more information, visit <a href="http://www.noodles.com">noodles.com</a>.</p>
    </section>

    <section>
        <h3>Forward-Looking Statements</h3>
        <p>This announcement contains forward-looking statements regarding Noodles & Company's plans to implement the reverse stock split and its efforts to meet Nasdaq's listing requirements. Investors are encouraged to review potential risks highlighted in the company's SEC filings, including factors that could impact compliance and market performance moving forward.</p>
    </section>

    <footer>
        <h3>Contacts</h3>
        <p><strong>Investor Relations:</strong> <a href="mailto:investorrelations@noodles.com">investorrelations@noodles.com</a></p>
        <p><strong>Media Contact:</strong> Danielle Moore, (720) 214-1971, <a href="mailto:press@noodles.com">press@noodles.com</a></p>
    </footer>
</article>

Noodles & Company will enact a 1-for-8 reverse stock split on February 18, 2026, to comply with Nasdaq's listing requirements. This move, approved by over 96% of shareholders, is a critical step for the company to maintain market credibility and avoid delisting risks.

Noodles & Company Announces Plans For 1-for-8 Reverse Stock Split Effective February 18, 2026

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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