secwatch.observer — SEC 8-K summary
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Issuer:     GSE SYSTEMS INC (—)
CIK:        0000944480
Form:       8-K
Filed at:   2023-11-03T23:59:59+00:00
Accession:  0000944480-23-000085
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

GSE Systems receives Nasdaq delisting determination for missing reverse-split deadline
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- On Oct 31, Nasdaq staff determined GSE failed to regain compliance after missing Oct 17 reverse-split deadline.
- Reverse stock split (1-for-10) effective Oct 30, but was required 10 trading days before compliance deadline.
- Company appealed on Nov 1; hearing before Nasdaq Panel scheduled for Feb 1, 2024; delisting stayed.
- If minimum bid price is maintained through Nov 10, Nasdaq may withdraw determination and moot hearing.
- No assurance of continued listing; stock trades on Nasdaq Capital Market under symbol GVP.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/944480/000094448023000085/0000944480-23-000085-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/944480/000094448023000085/form8-k_nasdaq.htm
  HTML page:      https://secwatch.observer/filing/0000944480-23-000085

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