secwatch.observer — SEC 8-K summary
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Issuer:     CONTRAFECT Corp (—)
CIK:        0001478069
Form:       8-K
Filed at:   2023-01-26T23:59:59+00:00
Accession:  0001193125-23-016325
Event type: regulatory
Sentiment:  negative
Materiality: 0.85
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

ContraFect faces Nasdaq delisting; equity negative $3.1M, trading suspension set for Jan 31
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- Nasdaq Staff denied continued listing due to stockholders' equity deficiency of $(3.1)M as of Sep 30, 2022, below the $2.5M minimum.
- Company intends to appeal; hearing request will stay suspension pending Panel decision.
- If no appeal, trading of CFRX common stock suspended at opening on January 31, 2023.
- Company also not compliant with bid price requirement (below $1.00) and exploring alternatives.
- No assurance Panel will grant continued listing; risk of eventual delisting from Nasdaq.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1478069/000119312523016325/0001193125-23-016325-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1478069/000119312523016325/d488601d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-016325

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