secwatch.observer — SEC 8-K summary
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Issuer:     PaxMedica, Inc. (—)
CIK:        0001811623
Form:       8-K
Filed at:   2023-06-16T23:59:59+00:00
Accession:  0001104659-23-072284
Event type: regulatory
Sentiment:  negative
Materiality: 0.85
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1811623/000110465923072284/0001104659-23-072284-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1811623/000110465923072284/tm2318486d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-072284

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