Pinstripes Faces NYSE Noncompliance, Plans Corrective Measures

Pinstripes ( (PNST) ) has shared an announcement.

Pinstripes Holdings, Inc., a notable dining and entertainment brand, has been notified by the NYSE for noncompliance with listing rules due to its low market capitalization and stock price. The company plans to rectify these issues by submitting a plan to the NYSE to regain compliance, which may include measures like a reverse stock split. Despite this, there is no immediate impact on the trading of its shares, and the company remains committed to meeting the NYSE standards.

See more data about PNST stock on TipRanks’ Stock Analysis page.