Allbirds on Monday revealed that it had received a notification from Nasdaq indicating that its stock price had remained below $1 for a month. The troubled company must have its stock price above $1 for at least 10 consecutive days within a six-month period to avoid delisting. Since its initial public offering in November 2021, Allbirds’ stock price has plummeted by over 90%. In 2023, its revenue dropped by 15% YoY to $254 million, with net losses widening by 52% to $152 million.