secwatch.observer — SEC 8-K summary
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Issuer:     RITE AID CORP (—)
CIK:        0000084129
Form:       8-K
Filed at:   2023-10-04T23:59:59+00:00
Accession:  0001104659-23-106854
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rite Aid receives NYSE delisting notice for market cap and stock price
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- 30-day average market cap ~$49.97M (below $50M) and stockholders' deficit of $(947.4)M.
- Average closing price $0.88/share, below $1.00 minimum requirement.
- Rite Aid has 45 days to submit a business plan for market cap cure within 18 months; 6 months for price cure.
- Stock continues trading on NYSE during cure periods; operations and debt covenants unaffected.
- Company continues strategic review of recapitalization or other remedial measures.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/84129/000110465923106854/0001104659-23-106854-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/84129/000110465923106854/tm2327724d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-106854

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