{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-066407","form_type":"8-K","ticker":null,"cik":"0001588972","company_name":"Societal CDMO, Inc.","filed_at":"2023-11-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.660942+00:00","generated_at":"2026-06-07T21:01:56.301109+00:00","sec_items":["1.01","3.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Societal CDMO receives 180-day Nasdaq extension; cuts property sale price by $1M","bullets":["Nasdaq granted additional 180 days until May 20, 2024 to meet minimum $1 bid price requirement.","Company may consider reverse stock split to regain compliance.","Subsidiary reduced purchase price for Hall County, GA property from $9,075,000 to $8,067,500.","Purchaser paid additional $50,000 non-refundable earnest money deposit."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-066407","json":"https://secwatch.observer/filing/0000950170-23-066407.json","markdown":"https://secwatch.observer/filing/0000950170-23-066407.md","text":"https://secwatch.observer/filing/0000950170-23-066407.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1588972/000095017023066407/0000950170-23-066407-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1588972/000095017023066407/sctl-20231121.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T21:01:56.301109+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ac64366a19d360f9fe9223e40bf3307ad35f0801","claim":"Societal CDMO, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).","evidence_excerpt":"November 21, 2023, the Company received a second letter from the Staff advising that the Company had been granted an additional 180 calendar days, or until May 20, 2024 (the “Extended Compliance Period”), to regain compliance with the Minimum Bid Price Requirement in accordance with Nasdaq Listing Rule 5810(c)(3)(A). If at any time during the Extended Compliance Period, the closing bid price of the Company’s common stock is at least $1.00 per share for a minimum of 10 consecutive business days, the Staff will provide written confirmation that the Company has achieved compliance with the Minimu","evidence_source":"SEC 8-K Item 3.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1588972/000095017023066407/0000950170-23-066407-index.htm","confidence":0.95,"family_label":"Listing & Compliance Notices","details":[{"label":"Exchange","value":"nasdaq"},{"label":"Notice","value":"deficiency notice"},{"label":"Deficiency","value":"minimum bid price"},{"label":"Rules","value":"5550(a)(2), 5810(c)(3)(A)"}],"fact_type":"exchange_compliance_notice"},{"claim_id":"89b20d65c0337b45bc59c3b6cefc5543298b60da","claim":"Societal CDMO, Inc. amended Fifth Amendment to the Purchase and Sale Agreement and Joint Escrow Instructions with Weekley Homes, LLC valued at $9,075,000 to $8,067,500 (effective 2023-11-27).","evidence_excerpt":"entered into a Fifth Amendment to the Purchase and Sale Agreement and Joint Escrow Instructions (the “Amendment”) with Weekley Homes, LLC","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1588972/000095017023066407/0000950170-23-066407-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Weekley Homes, LLC"},{"label":"Value","value":"$9,075,000 to $8,067,500"},{"label":"Effective","value":"2023-11-27"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}