secwatch.observer — SEC 8-K summary
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Issuer:     Allakos Inc. (—)
CIK:        0001564824
Form:       8-K
Filed at:   2025-03-13T23:59:59+00:00
Accession:  0000950170-25-038775
Event type: regulatory
Sentiment:  negative
Materiality: 0.45
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Allakos receives Nasdaq deficiency notice for bid price below $1.00 per share
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- Received Nasdaq letter on March 12, 2025, for non-compliance with minimum bid price of $1.00 per share.
- Closing bid price below $1.00 for 30 consecutive business days ended March 11, 2025.
- Has 180 days (until Sept 8, 2025) to regain compliance; stock must close at $1.00+ for 10 consecutive days.
- If not cured, may transfer to Nasdaq Capital Market for additional 180-day cure period, subject to eligibility.
- Company intends to monitor and evaluate options, but no assurance of regaining compliance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1564824/000095017025038775/0000950170-25-038775-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1564824/000095017025038775/allk-20250312.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-038775

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