secwatch.observer — SEC 8-K summary
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Issuer:     DYNATRONICS CORP (—)
CIK:        0000720875
Form:       8-K
Filed at:   2023-12-29T23:59:59+00:00
Accession:  0001062993-23-023270
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Dynatronics gets Nasdaq extension to June 24, 2024 to cure bid price deficiency
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- Received additional 180-day grace period until June 24, 2024 to regain minimum bid price compliance.
- Shareholders approved reverse stock split (1:5 to 1:10) at Dec 7, 2023 meeting; board may implement.
- Must close at or above $1.00 for 10 consecutive business days to regain compliance.
- If not cured by June 24, 2024, Nasdaq will issue delisting notice; company may appeal.
- Company evaluating options to meet the bid price requirement; no assurance of success.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/720875/000106299323023270/0001062993-23-023270-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/720875/000106299323023270/form8k.htm
  HTML page:      https://secwatch.observer/filing/0001062993-23-023270

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