---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-067777"
form_type: "8-K"
ticker: "KZR"
cik: "0001645666"
company_name: "Kezar Life Sciences, Inc."
filed_at: "2023-12-04T23:59:59+00:00"
generated_at: "2026-06-07T18:45:58.944148+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Kezar receives Nasdaq deficiency notice for bid price below $1.00

## Summary
- Received Nasdaq letter Dec 1, 2023; stock closed below $1.00 for 30 consecutive business days.
- Company has 180 days, until May 29, 2024, to regain compliance.
- Must close at $1.00+ for 10 consecutive business days to cure.
- May qualify for additional 180-day period if transferred to Nasdaq Capital Market.
- Company will monitor bid price and evaluate options, including reverse stock split.

## SEC filing metadata
- accession: 0000950170-23-067777
- form_type: 8-K
- ticker: KZR
- cik: 0001645666
- company_name: Kezar Life Sciences, Inc.
- filed_at: 2023-12-04T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1645666/000095017023067777/0000950170-23-067777-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1645666/000095017023067777/kzr-20231201.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-067777
- JSON: https://secwatch.observer/filing/0000950170-23-067777.json
- Plain text: https://secwatch.observer/filing/0000950170-23-067777.txt

## Key facts
- Listing & Compliance Notices
  Kezar Life Sciences, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: minimum bid price
  - Rules: 5450(a)(1)
  source text: December 1, 2023, Kezar Life Sciences, Inc. (the “Company”) received a letter from the Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that for the last 30 consecutive business days, the bid price of the Company’s common stock had closed below $1.00 per share, the minimum closing bid price required by the continued listing requirements of Nasdaq Listing Rule 5450(a)(1). The notification received has no immediate effect on the listing of the Company’s common stock on the Nasdaq Stock Market. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the C
  evidence_url: https://www.sec.gov/Archives/edgar/data/1645666/000095017023067777/0000950170-23-067777-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.