secwatch.observer — SEC 8-K summary
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Issuer:     Sotherly Hotels Inc. (SOHOO)
CIK:        0001301236
Form:       8-K
Filed at:   2024-08-23T23:59:59+00:00
Accession:  0000950170-24-100158
Event type: regulatory
Sentiment:  negative
Materiality: 0.65
Item codes: 3.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sotherly Hotels gets Nasdaq deficiency notice for delayed Q2 2024 10-Q filing
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- Received Nasdaq notice on August 20, 2024 for failure to timely file Form 10-Q for quarter ended June 30, 2024.
- Previously granted exception until November 18, 2024 to file delinquent Q1 2024 10-Q; any new exception is limited to 180 days from that due date.
- Company must submit updated compliance plan to Nasdaq by September 4, 2024.
- Delays due to ongoing evaluation of preferred units classification on operating partnership balance sheet (permanent vs. temporary equity) and other accounting items.
- Notice has no immediate effect on listing of common or preferred stock on Nasdaq Global Market.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1301236/000095017024100158/0000950170-24-100158-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1301236/000095017024100158/soho-20240820.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-100158

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