---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-003769"
form_type: "8-K"
ticker: null
cik: "0001811623"
company_name: "PaxMedica, Inc."
filed_at: "2024-01-12T23:59:59+00:00"
generated_at: "2026-06-07T00:01:02.039456+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# PaxMedica receives Nasdaq delisting notice for bid price below $1.00; plans to request hearing

## Summary
- Nasdaq notified PXMD on Jan 12, 2024 that bid price closed below $1.00 for 31 consecutive days.
- Company is ineligible for grace period due to existing Panel Monitor until Dec 20, 2024.
- PXMD will request a hearing to stay delisting and may ask for 180 days to regain compliance.
- No assurance that Panel will grant additional time; stock continues trading pending decision.

## SEC filing metadata
- accession: 0001104659-24-003769
- form_type: 8-K
- cik: 0001811623
- company_name: PaxMedica, Inc.
- filed_at: 2024-01-12T23:59:59+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/1811623/000110465924003769/0001104659-24-003769-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1811623/000110465924003769/tm243296-1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-003769
- JSON: https://secwatch.observer/filing/0001104659-24-003769.json
- Plain text: https://secwatch.observer/filing/0001104659-24-003769.txt

## Key facts
- Listing & Compliance Notices
  PaxMedica, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: minimum bid price
  - Rules: 5550(a)(2)
  source text: January 12, 2024, PaxMedica, Inc. (the “Company”) received a notification letter (the “Notice”) from the Listing Qualification Staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) advising the Company that for 31 consecutive trading days preceding January 11, 2024, the bid price of the Company’s common stock had closed below the $1.00 per share minimum required for continued listing on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”). As a result of the Nasdaq Hearings Panel (the “Panel”) imposing the previously disclosed Panel
  evidence_url: https://www.sec.gov/Archives/edgar/data/1811623/000110465924003769/0001104659-24-003769-index.htm

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