secwatch.observer — SEC 8-K summary
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Issuer:     ASSEMBLY BIOSCIENCES, INC. (ASMB)
CIK:        0001426800
Form:       8-K
Filed at:   2023-09-29T23:59:59+00:00
Accession:  0000950170-23-050808
Event type: regulatory
Sentiment:  negative
Materiality: 0.65
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Assembly Biosciences receives Nasdaq bid-price deficiency notice
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- Nasdaq notified ASMB that bid price closed below $1.00 for 30 consecutive business days.
- Company has 180 calendar days, until March 25, 2024, to regain compliance.
- Compliance requires closing bid price ≥$1.00 for ten consecutive business days.
- If not cured, may be eligible for second 180-day period with reverse stock split option.
- Stock continues trading on Nasdaq Global Select under 'ASMB' with no immediate effect.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1426800/000095017023050808/0000950170-23-050808-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1426800/000095017023050808/asmb-20230927.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-050808

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