secwatch.observer — SEC 8-K summary
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Issuer:     ELECTRAMECCANICA VEHICLES CORP. (—)
CIK:        0001637736
Form:       8-K
Filed at:   2023-03-28T23:59:59+00:00
Accession:  0001104659-23-037731
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ElectraMeccanica receives Nasdaq deficiency letter for bid price below $1.00
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- Deficiency letter received March 27, 2023 for non-compliance with Nasdaq Minimum Bid Price Rule 5550(a)(2).
- Common shares close below $1.00 for 30 consecutive business days; no immediate effect on listing.
- 180-day cure period until September 25, 2023 to regain compliance by closing at $1.00+ for 10 days.
- If not cured by Sep 25, may qualify for second 180-day period if other listing standards met.
- Company may consider reverse stock split; compliance not guaranteed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1637736/000110465923037731/0001104659-23-037731-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1637736/000110465923037731/tm2310788d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-037731

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