---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-074232"
form_type: "8-K"
ticker: null
cik: "0001689657"
company_name: "PhenomeX Inc."
filed_at: "2023-06-23T23:59:59+00:00"
generated_at: "2026-06-13T18:09:58.141516+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# PhenomeX receives Nasdaq notice for non-compliance with minimum bid price rule

## Summary
- Notice on June 21, 2023: bid price below $1.00 for 30 consecutive business days.
- Company has 180 days, until Dec 12, 2023, to regain compliance by closing at $1.00+ for 10 days.
- If not compliant by deadline, may transfer to Nasdaq Capital Market for an additional 180-day period.
- Company may consider a reverse stock split or other options to cure the deficiency.
- There is no immediate effect on trading; stock remains on Nasdaq Global Select Market.

## SEC filing metadata
- accession: 0001104659-23-074232
- form_type: 8-K
- cik: 0001689657
- company_name: PhenomeX Inc.
- filed_at: 2023-06-23T23:59:59+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/1689657/000110465923074232/0001104659-23-074232-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1689657/000110465923074232/tm2319342d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-074232
- JSON: https://secwatch.observer/filing/0001104659-23-074232.json
- Plain text: https://secwatch.observer/filing/0001104659-23-074232.txt

## Key facts
- Listing & Compliance Notices
  PhenomeX Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1), 5810(c)(3)(A)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: minimum bid price
  - Rules: 5450(a)(1), 5810(c)(3)(A)
  source text: June 21, 2023, PhenomeX Inc. (the “Company”) received a notice (the “Notice”) from The Nasdaq Stock Market (“Nasdaq”) that the Company is not in compliance with Nasdaq’s Listing Rule 5450(a)(1) (the “Minimum Bid Price Rule”), because the minimum bid price of the Company’s common stock has been below $1.00 per share for 30 consecutive business days. The Notice has no immediate effect on the listing or trading of the Company’s common stock on The Nasdaq Global Select Market. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has 180 calendar days, or until December 12, 2023, to re
  evidence_url: https://www.sec.gov/Archives/edgar/data/1689657/000110465923074232/0001104659-23-074232-index.htm

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