secwatch.observer — SEC 8-K summary
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Issuer:     Surrozen, Inc./DE (SRZN)
CIK:        0001824893
Form:       8-K
Filed at:   2023-01-05T23:59:59+00:00
Accession:  0000950170-23-000250
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Surrozen receives Nasdaq notice for non-compliance with $1.00 minimum bid price
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- Average closing price of common stock fell below $1.00 over 30 consecutive trading days as of Jan 3, 2023.
- Company has 180 days, until July 3, 2023, to regain compliance by closing at $1.00+ for 10 consecutive business days.
- If not cured, Surrozen may be eligible for a second 180-day period if it meets other initial listing standards.
- Notice has no immediate effect on listing; stock continues to trade on Nasdaq Capital Market.
- Company will monitor bid price and evaluate options; no assurance of regaining compliance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1824893/000095017023000250/0000950170-23-000250-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1824893/000095017023000250/srzn-20230104.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-000250

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