secwatch.observer — SEC 8-K summary
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Issuer:     Cardio Diagnostics Holdings, Inc. (CDIO)
CIK:        0001870144
Form:       8-K
Filed at:   2023-11-22T23:59:59+00:00
Accession:  0001079973-23-001650
Event type: regulatory
Sentiment:  negative
Materiality: 0.65
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cardio Diagnostics receives Nasdaq equity deficiency notice; claims cure via Yorkville conversion
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- Nasdaq notified CDIO on Nov 20, 2023 of non-compliance with $2.5M minimum stockholders' equity requirement.
- Reported equity of $2,287,731 as of Sep 30, 2023, below the required threshold.
- Yorkville fully converted debentures on Oct 31, 2023, raising equity to $4,044,689; company asserts compliance regained.
- Nasdaq will monitor; failure in next periodic report could trigger delisting. Company exploring financing options.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1870144/000107997323001650/0001079973-23-001650-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1870144/000107997323001650/cdio_8k.htm
  HTML page:      https://secwatch.observer/filing/0001079973-23-001650

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer