secwatch.observer — SEC 8-K summary
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Issuer:     RAVE RESTAURANT GROUP, INC. (RAVE)
CIK:        0000718332
Form:       8-K
Filed at:   2022-06-23T23:59:59+00:00
Accession:  0001140361-22-023871
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Rave Restaurant Group receives Nasdaq notice for minimum bid price non-compliance
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- Nasdaq notified Rave on June 21, 2022, that its stock failed to maintain minimum $1.00 bid price for 30 consecutive business days.
- Compliance period of 180 calendar days; must show $1.00 closing bid for 10 consecutive days by December 19, 2022.
- No immediate effect on Nasdaq Capital Market listing; company expects to regain compliance but can't guarantee.
- If not regained, common stock may be delisted from Nasdaq Capital Market.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/718332/000114036122023871/0001140361-22-023871-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/718332/000114036122023871/brhc10039029_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-023871

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