secwatch.observer — SEC 8-K summary
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Issuer:     SYNLOGIC, INC. (SYBX)
CIK:        0001527599
Form:       8-K
Filed at:   2022-12-09T23:59:59+00:00
Accession:  0001193125-22-301870
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Synlogic receives Nasdaq delisting notice over sub-$1 bid price
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- Nasdaq notified Synlogic on Dec 6, 2022, that bid price was below $1.00 for 30 consecutive business days.
- Company has 180-day grace period until June 5, 2023, to regain compliance.
- To comply, bid price must close at $1.00 or higher for at least 10 consecutive business days.
- Failure to regain compliance by deadline may lead to delisting; company can appeal.
- Synlogic is considering alternatives, including a potential reverse stock split.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527599/000119312522301870/0001193125-22-301870-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527599/000119312522301870/d410813d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-301870

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