Exhibit 99.1
Barnes & Noble Education Receives Continued Listing Standard Notice From NYSE
March 1, 2024, Basking Ridge, NJ - Barnes & Noble Education, Inc. (NYSE: BNED), (NYSE:BNED or the Company), a leading
solutions provider for the education industry, today announced that on February 27, 2024 it received a notice (the Notice) from the New York Stock Exchange (the NYSE) indicating that the Company is no longer in
compliance with NYSEs continued listing criteria under Section 802.01C of the NYSE Listed Company Manual (Section 802.01C) that requires listed companies to maintain an average closing share price of at least $1.00 over a
consecutive 30-trading-day period.
The Notice has no immediate impact on
the listing of the Companys common stock on the NYSE. The Notice is not anticipated to impact the ongoing business operations of the Company or its reporting requirements with the U.S. Securities and Exchange Commission.
On March 1, 2024, BNED notified the NYSE of its intention to cure the stock price deficiency and return to compliance with the NYSEs minimum share price
standard within the required six-month period following receipt of the Notice. The Company can regain compliance at any time within the six-month cure period (the Cure Period) following receipt of
the Notice if, on the last trading day of any calendar month during such the Cure Period, the Company has both: (i) a closing share price of at least $1.00 and (ii) an average closing share price of at least $1.00 over the 30-trading-day period ending on the last trading day of the applicable calendar month.
The Company intends to remain listed on the NYSE and is considering all available options to regain compliance with the NYSEs continued listing
standards. The Company will continue to be listed and traded on the NYSE during the Cure Period.
ABOUT BARNES & NOBLE EDUCATION, INC.
Barnes & Noble Education, Inc. (NYSE: BNED) is a leading solutions provider for the education industry, driving affordability, access and
achievement at hundreds of academic institutions nationwide and ensuring millions of students are equipped for success in the classroom and beyond. Through its family of brands, BNED offers campus retail services and academic solutions, a digital
direct-to-student learning ecosystem, unparalleled best-in-class assortment of school apparel through a strategic alliance with Fanatics and Lids, wholesale capabilities and more. BNED is a company serving all who work to elevate their lives through
education, supporting students, faculty and institutions as they make tomorrow a better, more inclusive and smarter world. For more information, visit www.bned.com.
Investor Contact:
Hunter Blankenbaker
Vice President
Corporate Communications and Investor Relations
Barnes & Noble Education, Inc.
(908) 991-2776
hblankenbaker@bned.com
FORWARD-LOOKING STATEMENTS
This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995
and information relating to us and our business that are based on the beliefs of our management as well as assumptions made by and information currently available to our management. When used in this communication, the words anticipate,
believe, estimate, expect, intend, plan, will, forecasts, projections, and similar expressions, as they relate to us or our management, identify
forward-looking statements. Moreover, we operate in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on
our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties and assumptions, the
future events and trends discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. Such statements reflect our current views with
respect to future events, the outcome of which is subject to certain risks, including, among others: the amount of our indebtedness and ability to comply with covenants applicable to current and /or any future debt financing; our ability to satisfy
future capital and liquidity requirements; our ability to access the credit and capital markets at the times and in the amounts