secwatch.observer — SEC 8-K summary
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Issuer:     SYNCHRONOSS TECHNOLOGIES INC (—)
CIK:        0001131554
Form:       8-K
Filed at:   2023-07-03T23:59:59+00:00
Accession:  0001131554-23-000051
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Synchronoss gets second 180-day Nasdaq grace period; stock to transfer to Capital Market
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- Received second 180-day compliance period until Dec 26, 2023 for minimum bid price rule.
- Common stock transferring from Nasdaq Global Select to Nasdaq Capital Market effective July 5, 2023.
- To regain compliance, closing bid must be at least $1.00 for 10 consecutive business days.
- Company plans to effect a reverse stock split if necessary to cure deficiency.
- Failure to regain compliance by Dec 26, 2023 may result in delisting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1131554/000113155423000051/0001131554-23-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1131554/000113155423000051/sncr-20230629.htm
  HTML page:      https://secwatch.observer/filing/0001131554-23-000051

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