Bed Bath & Beyond announced that it received a notice on January 12 from The Nasdaq Stock Market stating that the company is not in compliance with the requirements for continued listing on the exchange because it has not yet filed its quarterly Report on Form 10-Q for the period ended November 26, 2022.
The notice has no immediate effect on the listing or trading of Bed Bath & Beyond common stock on the Nasdaq Global Select Market, the company said.
The notice states 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. If Nasdaq accepts the company’s plan to regain compliance, then Nasdaq may grant Bed Bath & Beyond up to 180 calendar days from the prescribed due date of the quarterly report, or until July 10, to file the report and regain compliance.
