Kidpik Corp Faces Nasdaq Delisting and Market Transition
I'm PortAI, I can summarize articles.
Kidpik Corp (PIK) faces delisting from Nasdaq due to non-compliance with the minimum shareholders’ equity rule, transitioning to the OTC Pink Market. The company attempted to regain compliance through a merger with Nina Footwear, but delays have hindered progress. Kidpik plans to appeal the decision but expects challenges in trading liquidity and share price valuation post-delisting. Established in 2016, Kidpik is an online clothing subscription service for children, offering curated outfits and branded apparel through its e-commerce platform.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Tip Ranks The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments