secwatch.observer — SEC 8-K summary
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Issuer:     TREVENA INC (—)
CIK:        0001429560
Form:       8-K
Filed at:   2024-04-09T23:59:59+00:00
Accession:  0001104659-24-045212
Event type: regulatory
Sentiment:  negative
Materiality: 0.90
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Trevena receives Nasdaq delisting notice for negative stockholders' equity of $7.7M
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- Nasdaq notified Trevena it fails minimum $2.5M equity standard; equity was -$7.657M as of Dec 31, 2023.
- Company also does not meet alternative market value or net income standards.
- Appeal hearing before Nasdaq Panel scheduled for May 2, 2024; company must submit compliance plan by then.
- Prior bid price deficiency notice (below $1.00) also pending; both issues must be resolved for continued listing.
- There is no assurance the Panel will grant an extension or that compliance can be regained.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1429560/000110465924045212/0001104659-24-045212-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1429560/000110465924045212/tm2411454d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-045212

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