secwatch.observer — SEC 8-K summary
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Issuer:     GSE SYSTEMS INC (—)
CIK:        0000944480
Form:       8-K
Filed at:   2022-11-08T23:59:59+00:00
Accession:  0000944480-22-000041
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

GSE Systems receives Nasdaq delisting notice for bid price below $1.00
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- Notice received November 4, 2022, for failing to maintain $1.00 minimum bid price for 30 consecutive days.
- Company has 180 calendar days, until May 3, 2023, to regain compliance by closing at $1.00 or higher for 10 consecutive days.
- If not compliant by May 3, 2023, company may be eligible for an additional 180-day cure period if it meets other listing standards.
- Failure to cure could lead to delisting; company may appeal to a Nasdaq Hearings Panel.
- Management intends to monitor bid price and evaluate options but cannot assure compliance will be achieved.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/944480/000094448022000041/0000944480-22-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/944480/000094448022000041/form8-kdelisting_notice.htm
  HTML page:      https://secwatch.observer/filing/0000944480-22-000041

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