---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-072284"
form_type: "8-K"
ticker: null
cik: "0001811623"
company_name: "PaxMedica, Inc."
filed_at: "2023-06-16T23:59:59+00:00"
generated_at: "2026-06-13T23:05:43.814179+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# PaxMedica receives Nasdaq delisting notice for failing Minimum Market Value Rule; plans appeal

## Summary
- Nasdaq staff notified PaxMedica on June 12, 2023 that it failed to regain compliance with the $35M market value requirement.
- Common stock (PXMD) subject to delisting from Nasdaq Capital Market unless a hearing is requested by June 20, 2023.
- Company intends to request a hearing to appeal the delisting determination; hearing request will stay suspension pending decision.
- No assurance that the appeal will be successful or that continued listing will be granted.

## SEC filing metadata
- accession: 0001104659-23-072284
- form_type: 8-K
- cik: 0001811623
- company_name: PaxMedica, Inc.
- filed_at: 2023-06-16T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1811623/000110465923072284/0001104659-23-072284-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1811623/000110465923072284/tm2318486d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-072284
- JSON: https://secwatch.observer/filing/0001104659-23-072284.json
- Plain text: https://secwatch.observer/filing/0001104659-23-072284.txt

## Key facts
- Listing & Compliance Notices
  PaxMedica, Inc. received a nasdaq delisting notice notice regarding market value (rules 5550(b)(2)).
  - Exchange: nasdaq
  - Notice: delisting notice
  - Deficiency: market value
  - Rules: 5550(b)(2)
  source text: June 12, 2023, PaxMedica, Inc. (the “ Company ”) received a determination letter (the “ Letter ”) from the staff (the “ Staff ”) of the Listing Qualifications Department of The Nasdaq Stock Market LLC (“ Nasdaq ”) stating that the Company has not regained compliance with Listing Rule 5550(b)(2) (the “ Minimum Market Value Requirement ”), requiring the Company to maintain a market value of listed securities of a minimum of $35 million, during the 180-day grace period previously granted to the Company. As previously disclosed, the Company was initially notified by the Staff on December 6, 2022 t
  evidence_url: https://www.sec.gov/Archives/edgar/data/1811623/000110465923072284/0001104659-23-072284-index.htm

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