secwatch.observer — SEC 8-K summary
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Issuer:     SPRUCE BIOSCIENCES, INC. (SPRB)
CIK:        0001683553
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0000950170-24-050612
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Spruce Biosciences receives Nasdaq minimum bid price non-compliance notice
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- Nasdaq notified Spruce on April 26, 2024 that its stock bid price was below $1.00 for 30 consecutive business days.
- Company has 180 calendar days (until October 23, 2024) to regain compliance by closing at $1.00+ for 10 consecutive days.
- If not compliant, Spruce may transfer to Nasdaq Capital Market for an additional 180-day cure period if it meets other listing standards.
- Failure to regain compliance could lead to delisting; the company says it will monitor its stock price and consider options.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1683553/000095017024050612/0000950170-24-050612-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1683553/000095017024050612/sprb-20240426.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-050612

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