secwatch.observer — SEC 8-K summary
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Issuer:     Eargo, Inc. (—)
CIK:        0001719395
Form:       8-K
Filed at:   2022-11-16T23:59:59+00:00
Accession:  0001140361-22-041911
Event type: regulatory
Sentiment:  negative
Materiality: 0.80
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Eargo gets Nasdaq delisting notice for negative equity; rights offering planned
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- Stockholders' equity of -$36.3M as of Sept. 30, 2022 fails Nasdaq's $10M minimum for Global Market.
- Company has 45 days to submit a compliance plan; expects to do so within the period.
- Rights offering at $0.50/share for up to 375M shares, closing by Nov. 25, 2022, to repay/convert debt and boost equity.
- If plan is accepted, Nasdaq may grant up to 180 days to regain compliance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1719395/000114036122041911/0001140361-22-041911-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1719395/000114036122041911/brhc10044316_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-041911

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