secwatch.observer — SEC 8-K summary
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Issuer:     GELESIS HOLDINGS, INC. (—)
CIK:        0001805087
Form:       8-K
Filed at:   2022-11-21T23:59:59+00:00
Accession:  0000950170-22-025462
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gelesis receives NYSE delisting notice for market cap and equity below $50M thresholds
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- Received NYSE notice on Nov 16, 2022 for non-compliance with Section 802.01B: market cap <$50M and equity <$50M over 30-day periods.
- Has 45 days to submit a plan to cure; cure period up to 18 months if plan accepted by NYSE.
- Common stock will continue trading under GLS with .BC designation during cure period.
- Company intends to contact NYSE within 10 days and develop a compliance plan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1805087/000095017022025462/0000950170-22-025462-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1805087/000095017022025462/gls-20221116.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-025462

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