secwatch.observer — SEC 8-K summary
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Issuer:     VirnetX Holding Corp (VHC)
CIK:        0001082324
Form:       8-K
Filed at:   2024-09-04T23:59:59+00:00
Accession:  0001140361-24-040072
Event type: regulatory
Sentiment:  negative
Materiality: 0.80
Item codes: 3.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

VirnetX receives NYSE delisting notice; avg market cap $23.9M, equity $48.8M
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- Received NYSE non-compliance notice on Aug 28, 2024 for failing minimum market cap standard (30-day avg market cap ~$23.9M, equity $48.8M).
- Must submit a compliance plan within 45 days; NYSE has 45 days to evaluate; cure period up to 18 months.
- Stock continues trading on NYSE during cure period subject to NYSE acceptance of plan.
- Company considering all options to regain compliance but no assurances; risk of suspension and delisting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1082324/000114036124040072/0001140361-24-040072-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1082324/000114036124040072/ef20035439_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-040072

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