secwatch.observer — SEC 8-K summary
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Issuer:     PaxMedica, Inc. (—)
CIK:        0001811623
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0001104659-24-055841
Event type: other_material
Sentiment:  negative
Materiality: 0.90
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Nasdaq to delist PaxMedica common stock on May 2, 2024 due to minimum bid price noncompliance
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- Nasdaq Panel determined to delist PaxMedica common stock; trading suspended at open on May 2, 2024.
- Reason: violation of Nasdaq minimum bid price requirement (Listing Rule 5550(a)(2)).
- Company expects common stock to be eligible for quotation on OTC Pink Market under symbol PXMD.
- Company has 15 days to request review by the Nasdaq Listing and Hearing Review Council.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1811623/000110465924055841/0001104659-24-055841-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1811623/000110465924055841/tm2413263d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-055841

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