Noodles & Company to effect 1-for-8 reverse stock split

Noodles & Company announced that it plans to effect a 1-for-8 reverse stock split of its Class A common stock, par value $0.01 per share, that is expected to become effective on February 18 at 12:01 a.m.. Eastern Time. 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.