---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-001861"
form_type: "8-K"
ticker: "BGMS"
cik: "0001130166"
company_name: "Bio Green Med Solution, Inc."
filed_at: "2023-01-06T23:59:59+00:00"
generated_at: "2026-06-20T18:35:50.897275+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Cyclacel receives Nasdaq notice for non-compliance with $1.00 bid price rule

## Summary
- Nasdaq notified Cyclacel on Jan 4, 2023 that common stock bid price below $1.00 for 30 consecutive days.
- Company has 180 calendar days, until July 3, 2023, to regain compliance by closing at $1.00 for 10 consecutive days.
- If not compliant, Nasdaq may delist; company may appeal or consider a reverse stock split.
- No immediate effect on trading; shares continue on Nasdaq under symbol CYCC.

## SEC filing metadata
- accession: 0001104659-23-001861
- form_type: 8-K
- ticker: BGMS
- cik: 0001130166
- company_name: Bio Green Med Solution, Inc.
- filed_at: 2023-01-06T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1130166/000110465923001861/0001104659-23-001861-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1130166/000110465923001861/tm231753d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-001861
- JSON: https://secwatch.observer/filing/0001104659-23-001861.json
- Plain text: https://secwatch.observer/filing/0001104659-23-001861.txt

## Key facts
- Listing & Compliance Notices
  Bio Green Med Solution, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: minimum bid price
  - Rules: 5550(a)(2)
  source text: January 4, 2023, Cyclacel Pharmaceuticals, Inc. (the “Company”) received a written notice from The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, based upon the closing bid price of the Company’s common stock, par value $0.001 per share, (the “Common Stock”) for the last 30 consecutive business days, the Common Stock did not meet the minimum bid price of $1.00 per share required by Nasdaq Listing Rule 5550(a)(2), initiating an automatic 180 calendar-day grace period for the Company to regain compliance. The notice has no immediate effect on the listing or trading of the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/1130166/000110465923001861/0001104659-23-001861-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.