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Kidpik Corp ( (PIKM) ) has shared an update.
Kidpik Corp announced the termination of its merger agreement with Nina Footwear due to unmet conditions including the requirement for Kidpik’s stock to be traded on Nasdaq. As a consequence, Kidpik’s shares are now quoted on the OTC Pink Market following Nasdaq’s delisting decision. The company will not appeal the delisting and is unable to proceed with expected convertible debentures sales, prompting it to consider strategic alternatives to maximize shareholder value, potentially including asset sales or mergers.
More about Kidpik Corp
Founded in 2016, Kidpik Corp is an online clothing subscription service for children, providing expertly styled outfits tailored to individual style preferences. The company offers a seamless shopping experience through surprise boxes delivered monthly or seasonally, and also sells branded clothing and footwear via its e-commerce platform.
YTD Price Performance: -24.00%
Average Trading Volume: 395,679
Technical Sentiment Consensus Rating: Buy
See more insights into PIKM stock on TipRanks’ Stock Analysis page.