secwatch.observer — SEC 8-K summary
======================================

Issuer:     FEMASYS INC (FEMY)
CIK:        0001339005
Form:       8-K
Filed at:   2023-06-02T23:59:59+00:00
Accession:  0001140361-23-028114
Event type: regulatory
Sentiment:  negative
Materiality: 0.65
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Femasys receives Nasdaq delisting notice over bid price below $1.00
-------------------------------------------------------------------

- Nasdaq notified Femasys on June 1, 2023 of non-compliance with Minimum Bid Price Requirement (closing bid below $1.00 for 30 consecutive business days).
- Company has 180 calendar days, until November 28, 2023, to regain compliance by closing at $1.00+ for at least ten consecutive business days.
- If not compliant by Nov. 28, 2023, may qualify for an additional 180-day period if it meets other Nasdaq initial listing standards.
- Femasys may consider a reverse stock split to cure the deficiency; no immediate impact on listing or trading of FEMY shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1339005/000114036123028114/0001140361-23-028114-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1339005/000114036123028114/brhc20053920_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-028114

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