secwatch.observer — SEC 8-K summary
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Issuer:     Societal CDMO, Inc. (—)
CIK:        0001588972
Form:       8-K
Filed at:   2023-11-28T23:59:59+00:00
Accession:  0000950170-23-066407
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Societal CDMO receives 180-day Nasdaq extension; cuts property sale price by $1M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1588972/000095017023066407/0000950170-23-066407-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1588972/000095017023066407/sctl-20231121.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-066407

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