secwatch.observer — SEC 8-K summary
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Issuer:     GELESIS HOLDINGS, INC. (—)
CIK:        0001805087
Form:       8-K
Filed at:   2022-11-07T23:59:59+00:00
Accession:  0000950170-22-022254
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NYSE warns Gelesis of non-compliance; average closing price below $1.00 for 30 days
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- Received NYSE notice on Nov 2, 2022 that average closing price below $1.00 for 30 consecutive trading days, violating Section 802.01C.
- Company has six-month cure period; can regain compliance if closing price ≥$1.00 on last trading day of month and 30-day average ≥$1.00.
- Intends to consider all available alternatives to regain compliance; common stock continues trading under GLS during cure period.
- Failure to cure could result in NYSE suspension and delisting procedures.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1805087/000095017022022254/0000950170-22-022254-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1805087/000095017022022254/gls-20221102.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-022254

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