Traeger, Inc. 8-K

What Happened
Traeger, Inc. (COOK) announced it received an NYSE notice on March 5, 2026 under Section 802.01C because the average closing price of its common stock was below $1.00 over a consecutive 30 trading-day period ended March 4, 2026. The notice does not cause immediate delisting; the company has a six-month cure period to regain compliance. At a special meeting on March 2, 2026, shareholders approved amendments to allow a reverse stock split at a ratio between 1-for-10 and 1-for-50 (to be set by the Board). Traeger issued a press release on March 6, 2026 announcing receipt of the notice.

Key Details

• Notice received: March 5, 2026; deficiency period ended March 4, 2026 (30 trading days, average closing price < $1.00).
• Cure window: six months from receipt; to regain compliance the stock must have a closing price ≥ $1.00 on the last trading day of any calendar month (and a 30-day average ≥ $1.00).
• Shareholder vote (Special Meeting, March 2, 2026): Reverse split proposal approved — For: 124,775,696; Against: 2,117,704; Abstentions: 241,662; Broker non-votes: 0. Adjournment proposal also approved (For: 124,726,243; Against: 2,153,788; Abstentions: 255,031).
• Company statement: intends to remain listed, is evaluating options (including a reverse split), and said the notice does not affect ongoing operations, SEC reporting, or debt covenant compliance.

Why It Matters
For investors, the NYSE notice signals a stock-price deficiency that the company must cure to avoid possible delisting. The approved reverse-split authorization gives Traeger's Board a clear tool to raise the per-share price if they choose to implement it. Trading and reporting continue normally during the six-month cure period, but shareholders should watch for any announced reverse split ratio, timing, or other actions the company takes to regain compliance.