secwatch.observer — SEC 8-K summary
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Issuer:     ATECH (PARENT) RESOLUTION CORP. (—)
CIK:        0001584754
Form:       8-K
Filed at:   2023-10-27T23:59:59+00:00
Accession:  0001013762-23-007328
Event type: other_material
Sentiment:  negative
Materiality: 0.90
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Akoustis receives Nasdaq notice: bid price below $1.00 for 30 days; faces delisting risk
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- Nasdaq notified Akoustis on Oct 24, 2023 that its common stock bid price closed below $1.00 for 30 consecutive days, violating Rule 5550(a)(2).
- Company has 180 days, until April 22, 2024, to regain compliance by achieving closing bid price >= $1.00 for 10 consecutive trading days.
- If not compliant by April deadline, Akoustis may qualify for an additional 180-day grace period if it meets other Nasdaq initial listing standards.
- Non-compliance or delisting would materially and adversely affect ability to raise capital, financial condition, and business.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1584754/000101376223007328/0001013762-23-007328-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1584754/000101376223007328/ea187341-8k_akoustis.htm
  HTML page:      https://secwatch.observer/filing/0001013762-23-007328

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