![]() ![]() (NYSE: APRN) announced today that its board of directors has fixed a record date for its previously announced proposed fully backstopped equity rights offering, which represents 45.0 million of its planned 78.0 million capital raise, each as disclosed in the Form 8-K filed with the U.S. In a bid to expand its consumer reach, Blue Apron started making its meal kits available through Amazon and last year. NEW YORK - (BUSINESS WIRE)- Blue Apron Holdings, Inc. At the end of last year, the company cut 10% of its corporate workforce as part of an effort to trim $50 million in expenses in 2023.īlue Apron’s former CFO Randy Greben left the meal kit company in mid-October. Mitchell Cohen, an outside hire, is serving as interim CFO until a replacement is found. ![]() ![]() If Blue Apron does not make “sufficient progress” on its efforts to meet the listing requirements, the company will face the NYSE’s suspension and delisting procedures, the announcement notes.īlue Apron has been grappling with a cash crunch. The NYSE will review the company on a quarterly basis for compliance, per the announcement. 6 and has until June 21, 2024, to regain compliance. Blue Apron has until June 21, 2023, to fix its share price listing standard deficiency. The meal kit maker submitted its roadmap for fixing the global market capitalization listing standard deficiency on Feb. Blue Apron is now embarking on a share price cure period. ![]()
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