secwatch.observer — SEC 8-K summary
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Issuer:     Outset Medical, Inc. (OM)
CIK:        0001484612
Form:       8-K
Filed at:   2024-09-27T23:59:59+00:00
Accession:  0000950170-24-109993
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Outset Medical receives Nasdaq delisting notice for bid price below $1.00 for 30 days
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- Notice dated Sept 23, 2024: closing bid price below $1.00 for 30 consecutive days violates Nasdaq Listing Rule 5450(a)(1).
- Company has 180 calendar days, until March 24, 2025, to regain compliance by having $1.00+ closing bid price for 10 consecutive trading days.
- If not compliant by deadline, may transfer to Nasdaq Capital Market and get additional 180-day period if eligible.
- No immediate impact on listing; stock continues trading on Nasdaq Global Select Market during cure period.
- Company states it will exercise diligent efforts but provides no assurance of regaining compliance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1484612/000095017024109993/0000950170-24-109993-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1484612/000095017024109993/om-20240923.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-109993

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