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

Issuer:     PaxMedica, Inc. (—)
CIK:        0001811623
Form:       8-K
Filed at:   2024-01-12T23:59:59+00:00
Accession:  0001104659-24-003769
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1811623/000110465924003769/0001104659-24-003769-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1811623/000110465924003769/tm243296-1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-003769

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