secwatch.observer — SEC 8-K summary
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Issuer:     GSE SYSTEMS INC (—)
CIK:        0000944480
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0000944480-23-000045
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Nasdaq grants GSE Systems 180-day extension to Oct 30, 2023 to regain $1 minimum bid price
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- Extension granted under Nasdaq Listing Rule 5810(c)(3)(A) after company requested on April 19, 2023.
- Original 180-day grace period from Nov 4, 2022 deficiency notice ended May 3, 2023.
- Company may consider a reverse stock split to regain compliance; no guarantee of success.
- Failure to comply by Oct 30, 2023 will trigger delisting notice; company can appeal.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/944480/000094448023000045/0000944480-23-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/944480/000094448023000045/form8-k_20230504.htm
  HTML page:      https://secwatch.observer/filing/0000944480-23-000045

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