secwatch.observer — SEC 8-K summary
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Issuer:     TREVENA INC (—)
CIK:        0001429560
Form:       8-K
Filed at:   2023-04-21T23:59:59+00:00
Accession:  0001104659-23-048474
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Trevena receives Nasdaq deficiency notice for bid price below $1; has 180 days to cure
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- On April 21, 2023, Nasdaq notified Trevena that its common stock closed below $1.00 for 30 consecutive business days.
- Company has until October 18, 2023 (180 calendar days) to regain compliance under Nasdaq Listing Rule 5550(a)(2).
- To regain compliance, closing bid price must be at least $1.00 for ten consecutive business days.
- If not compliant by Oct 18, company may qualify for an additional 180-day cure period if it meets other listing standards.
- Stock continues trading on Nasdaq Capital Market under symbol TRVN; delisting risk exists if not cured.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1429560/000110465923048474/0001104659-23-048474-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1429560/000110465923048474/tm2313456d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-048474

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