Traeger Receives NYSE Continued Listing Standard Notice (Form 8-K)

Traeger Receives NYSE Continued Listing Standard Notice

Notice Has No Immediate Impact on the Listing or Trading of Traeger Common Stock

SALT LAKE CITY, UT - March 6, 2026 (BUSINESS WIRE) - Traeger, Inc. ("Traeger" or the "Company") (NYSE: COOK) today announced that it has received a notice (the "Notice") from the New York Stock Exchange (the "NYSE") on March 5, 2026 indicating that the average closing price per share of its common stock, $0.0001 par value per share (the "Common Stock"), was below $1.00 over a consecutive 30-day period, as required for continued listing under Section 802.01C of the NYSE Listed Company Manual.

In anticipation of addressing the minimum share price requirement, the Company held a special meeting of stockholders on March 2, 2026, at which the Company's stockholders approved a reverse stock split of the Company's issued and outstanding Common Stock at a ratio ranging between 1-for-10 and 1-for-50, with the final ratio to be determined by the Company's Board of Directors in its discretion. The reverse stock split is intended, among other things, to enable the Company to regain compliance with the NYSE's minimum share price requirement.

The Company's Board of Directors will determine whether and when to effect the reverse stock split and the specific ratio within the approved range. The reverse stock split, if effected, will be subject to the satisfaction of applicable conditions and the filing of an amendment to the Company's certificate of incorporation.

The Company intends to continue to monitor the trading price of its Common Stock and to take such actions as may be necessary to regain compliance with the NYSE's continued listing standards within the applicable cure period.

The NYSE notice does not affect the Company's ongoing business operations, its reporting obligations with the Securities and Exchange Commission, nor does it trigger any violation of its debt obligations.

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