secwatch.observer — SEC 8-K summary
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Issuer:     Desktop Metal, Inc. (—)
CIK:        0001754820
Form:       8-K
Filed at:   2023-11-29T23:59:59+00:00
Accession:  0001104659-23-122061
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Desktop Metal receives NYSE non-compliance notice for stock price below $1.00
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- NYSE notified Desktop Metal on Nov 22, 2023 that average closing price was below $1.00 over 30 consecutive trading days.
- Company has a six-month cure period from Nov 22 to regain compliance with the minimum price requirement.
- Desktop Metal may consider a reverse stock split, subject to stockholder approval at next annual meeting.
- Under NYSE rules, if a cure requires stockholder approval, price condition can be deemed cured if stock exceeds $1.00 for 30 trading days.
- Common stock continues trading on NYSE during cure period, subject to other listing standards.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1754820/000110465923122061/0001104659-23-122061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1754820/000110465923122061/tm2331709d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-122061

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