Traeger receives NYSE continued listing standard notice

Traeger (COOK) announced that it has received a notice from the New York Stock Exchange on November 19, 2025 indicating that the average closing price per share of its common stock was below $1.00 over a consecutive 30-day period, as required for continued listing on the NYSE. The company remains on track with executing Project Gravity, a strategic transformation initiative designed to enhance operational efficiency, improve profitability, and optimize return on investment. This program is expected to deliver approximately $50M in annualized run-rate savings while unlocking capacity and resources to invest in the company’s highest-growth opportunities. As of September 30, 2025, the company maintained a strong liquidity position of $167M, providing a solid foundation to support strategic initiatives. Under NYSE rules, the company has six months following receipt of the NYSE notice to regain compliance with the minimum share price requirement. The company has notified the NYSE of its intent to cure this deficiency, including, among other options, a reverse stock split, subject to approval by the company’s Board of Directors and stockholders.