---
schema_version: "secwatch.filing_event.v1"
accession: "0000924168-23-000014"
form_type: "8-K"
ticker: "EFOI"
cik: "0000924168"
company_name: "ENERGY FOCUS, INC/DE"
filed_at: "2023-02-24T23:59:59+00:00"
generated_at: "2026-06-19T01:13:37.927205+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Energy Focus receives Nasdaq delisting notice; appeals to Hearings Panel

## Summary
- Received Feb 21, 2023 notification of non-compliance with bid price rule; ineligible for second 180-day period due to insufficient stockholders' equity ($5M minimum not met as of Sep 30, 2022).
- Common stock subject to delisting; appeal requested Feb 24, 2023, staying delisting pending hearing.
- No assurance appeal will succeed; if denied, stock will be delisted from Nasdaq.

## SEC filing metadata
- accession: 0000924168-23-000014
- form_type: 8-K
- ticker: EFOI
- cik: 0000924168
- company_name: ENERGY FOCUS, INC/DE
- filed_at: 2023-02-24T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/924168/000092416823000014/0000924168-23-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/924168/000092416823000014/efoi-20230221.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000924168-23-000014
- JSON: https://secwatch.observer/filing/0000924168-23-000014.json
- Plain text: https://secwatch.observer/filing/0000924168-23-000014.txt

## Key facts
- Listing & Compliance Notices
  ENERGY FOCUS, INC/DE received a nasdaq delisting notice notice regarding minimum bid price (rules 5550(a)(2)).
  - Exchange: nasdaq
  - Notice: delisting notice
  - Deficiency: minimum bid price
  - Rules: 5550(a)(2)
  source text: February 21, 2023, the Company received written notification (the “Notification”) from Nasdaq stating that the Company had not regained compliance with the Rule and was ineligible to obtain a second 180 calendar day period to regain compliance because it did not meet the Nasdaq Capital Market’s minimum $5,000,000 Stockholders’ Equity initial listing requirement as of September 30, 2022. Pursuant to the Notification, the Company’s common stock is subject to delisting from Nasdaq pending the Company’s opportunity to request a hearing before the Nasdaq Hearings Panel (the “Panel”). The Company in
  evidence_url: https://www.sec.gov/Archives/edgar/data/924168/000092416823000014/0000924168-23-000014-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.