secwatch.observer — SEC 8-K summary
======================================

Issuer:     ProSomnus, Inc. (—)
CIK:        0001934064
Form:       8-K
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0001104659-23-115262
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1934064/000110465923115262/0001104659-23-115262-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1934064/000110465923115262/tm2330048d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-115262

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer