---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-115262"
form_type: "8-K"
ticker: null
cik: "0001934064"
company_name: "ProSomnus, Inc."
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T17:48:19.946271+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# ProSomnus receives Nasdaq delisting notice for bid price deficiency; also non-compliant on MVLS and MVPHS

## Summary
- Received Nasdaq notice on Nov 2, 2023 for bid price below $1.00 for 30 consecutive days.
- Has 180 days (to April 30, 2024) to regain compliance; evaluating options including reverse stock split.
- Also previously non-compliant with MVLS ($50M) and MVPHS ($15M) requirements; compliance deadlines Feb 12 and March 18, 2024.
- Failure to cure could lead to delisting; company intends to appeal if necessary.

## SEC filing metadata
- accession: 0001104659-23-115262
- form_type: 8-K
- cik: 0001934064
- company_name: ProSomnus, Inc.
- filed_at: 2023-11-07T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1934064/000110465923115262/0001104659-23-115262-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1934064/000110465923115262/tm2330048d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-115262
- JSON: https://secwatch.observer/filing/0001104659-23-115262.json
- Plain text: https://secwatch.observer/filing/0001104659-23-115262.txt

## Key facts
- Listing & Compliance Notices
  ProSomnus, 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: November 2, 2023, ProSomnus, Inc. (the “Company”) received a notification letter (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market, LLC (“Nasdaq”) that, based on the closing bid price of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), for the preceding 30 consecutive business days, the Company was not in compliance with the minimum bid price requirement for continued listing on The Nasdaq Global Market. Nasdaq Listing Rule 5450(a)(1) requires listed securities to maintain a minimum bid price of $1.00 per share (the “Minimum Bid P
  evidence_url: https://www.sec.gov/Archives/edgar/data/1934064/000110465923115262/0001104659-23-115262-index.htm

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