secwatch.observer — SEC 8-K summary
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Issuer:     Sotherly Hotels Inc. (SOHOO)
CIK:        0001301236
Form:       8-K
Filed at:   2024-05-29T23:59:59+00:00
Accession:  0000950170-24-065778
Event type: regulatory
Sentiment:  negative
Materiality: 0.60
Item codes: 3.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sotherly Hotels receives Nasdaq delisting notice for late Q1 10-Q filing
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- Nasdaq notice received May 22, 2024 due to failure to timely file Form 10-Q for Q1 2024.
- Company has 60 days until July 21, 2024 to submit compliance plan; Nasdaq may grant extension to Nov 11, 2024.
- Delay caused by evaluation of preferred units classification as permanent vs temporary equity and other items.
- No immediate effect on listing of common or preferred stock on Nasdaq.
- Company intends to file Form 10-Q as soon as practicable.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1301236/000095017024065778/0000950170-24-065778-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1301236/000095017024065778/soho-20240522.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-065778

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