secwatch.observer — SEC 8-K summary
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Issuer:     GELESIS HOLDINGS, INC. (—)
CIK:        0001805087
Form:       8-K
Filed at:   2023-04-11T23:59:59+00:00
Accession:  0000950170-23-012365
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

NYSE begins delisting proceedings for Gelesis (GLS) after market cap falls below $15M threshold
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- Trading suspended after market close on April 10, 2023; delisting initiated under Section 802.01B.
- Average global market cap over 30 consecutive trading days fell below the required $15,000,000.
- Company will not appeal; expects common stock to trade on OTC market starting April 11, 2023, under same ticker GLS.
- Company remains subject to all SEC reporting obligations under the Exchange Act.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1805087/000095017023012365/0000950170-23-012365-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1805087/000095017023012365/gls-20230410.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-012365

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer