secwatch.observer — SEC 8-K summary
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Issuer:     UNITED GUARDIAN INC (UG)
CIK:        0000101295
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0001171843-23-002573
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

United-Guardian faces Nasdaq delisting for MVLS, equity, and revenue non-compliance
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- Received Nasdaq deficiency letter on April 20, 2023; market value below $50M for 30 consecutive days.
- Also failed Stockholders' Equity ($10M min) and Total Assets/Total Revenue ($50M min) requirements.
- Has until Oct 17, 2023 to regain MVLS compliance; must submit compliance plan by June 5, 2023 for other items.
- Plans to submit compliance plan; no assurance of regaining compliance; delisting and appeal process possible.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/101295/000117184323002573/0001171843-23-002573-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/101295/000117184323002573/f8k_042623.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-002573

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