secwatch.observer — SEC 8-K summary
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Issuer:     PaxMedica, Inc. (—)
CIK:        0001811623
Form:       8-K
Filed at:   2023-08-04T23:59:59+00:00
Accession:  0001104659-23-087815
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

PaxMedica receives Nasdaq bid-price deficiency notice; has until Jan 29, 2024 to regain compliance
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- Nasdaq notified PaxMedica on Aug 2, 2023 that its stock failed to maintain $1.00 minimum bid price for 30 consecutive business days through Aug 1, 2023.
- Company has a 180-day grace period until Jan 29, 2024 to close at $1.00 or higher for at least 10 consecutive business days.
- If not compliant, PaxMedica may request a second 180-day extension if it meets all other initial listing standards except bid price.
- Company also faces separate deficiency for market value of listed securities (min $35M); hearing with Nasdaq panel has been granted and stays any suspension.
- No decision yet on response; CEO Howard Weisman signed filing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1811623/000110465923087815/0001104659-23-087815-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1811623/000110465923087815/tm2322810d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-087815

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