secwatch.observer — SEC 8-K summary
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Issuer:     BROADWAY FINANCIAL CORP \DE\ (BYFC)
CIK:        0001001171
Form:       8-K
Filed at:   2023-09-29T23:59:59+00:00
Accession:  0001140361-23-045983
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 3.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Broadway Financial receives Nasdaq non-compliance notice; plans 1-for-8 reverse stock split
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- Nasdaq notified Broadway Financial on Sept 25, 2023 that it failed to maintain minimum $1.00 bid price for 30 consecutive business days.
- Company has 180 calendar days to regain compliance; must close at $1.00+ for 10 consecutive business days.
- Board of Directors approved a 1-for-8 reverse stock split; Certificate of Amendment to be filed, effective Nov 1, 2023.
- If not cured in initial period, company is eligible for an additional 180-day compliance period.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001171/000114036123045983/0001140361-23-045983-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001171/000114036123045983/ef20011627_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-045983

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