secwatch.observer — SEC 8-K summary
======================================

Issuer:     PaxMedica, Inc. (—)
CIK:        0001811623
Form:       8-K
Filed at:   2022-12-09T23:59:59+00:00
Accession:  0001104659-22-125845
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

PaxMedica gets Nasdaq deficiency notice for market value below $35M; cure period to June 2023
--------------------------------------------------------------------------------

- Received Nasdaq notice on Dec 6, 2022 for MVLS below $35M minimum for 30 consecutive business days.
- Compliance period expires June 5, 2023; must close at $35M+ for 10 consecutive days.
- No immediate effect on listing; common stock continues trading on Nasdaq under PXMD.
- If not compliant by deadline, Nasdaq expected to issue delisting notice; company may apply for extension or appeal.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1811623/000110465922125845/0001104659-22-125845-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1811623/000110465922125845/tm2232356d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-125845

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