---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-039351"
form_type: "8-K"
ticker: null
cik: "0001478069"
company_name: "CONTRAFECT Corp"
filed_at: "2023-02-14T23:59:59+00:00"
generated_at: "2026-06-19T13:36:33.037994+00:00"
event_type: "other"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# ContraFect gets second Nasdaq delisting notice; executes 1-for-80 reverse split

## Summary
- Nasdaq Staff determined on Feb 8, 2023 that CFRX closed at $0.10 or less for 10 consecutive days, triggering Low Priced Stocks Rule as separate delisting basis.
- Company previously failed Nasdaq equity rule (5550(b)(1)); a hearing before a Nasdaq Panel is scheduled for March 2023.
- On Feb 14, 2023, a 1-for-80 reverse stock split became effective; trading on split-adjusted basis expected Feb 15, 2023.
- Stockholders approved reverse split at reconvened special meeting on Feb 10, 2023 (22,790,007 for, 4,386,014 against).
- Company cautions there is no assurance it will regain compliance or avoid delisting.

## SEC filing metadata
- accession: 0001193125-23-039351
- form_type: 8-K
- cik: 0001478069
- company_name: CONTRAFECT Corp
- filed_at: 2023-02-14T23:59:59+00:00
- event_type: other
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 3.01, 5.03, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1478069/000119312523039351/0001193125-23-039351-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1478069/000119312523039351/d464805d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-039351
- JSON: https://secwatch.observer/filing/0001193125-23-039351.json
- Plain text: https://secwatch.observer/filing/0001193125-23-039351.txt

## Key facts
- Listing & Compliance Notices
  CONTRAFECT Corp received a nasdaq delisting notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)(iii)).
  - Exchange: nasdaq
  - Notice: delisting notice
  - Deficiency: minimum bid price
  - Rules: 5550(a)(2), 5810(c)(3)(A)(iii)
  source text: February 8, 2023, the Staff notified the Company that the Staff had determined that, as of February 7, 2023, the Company’s common stock had a closing bid price of $0.10 or less for ten consecutive trading days and that, consistent with Nasdaq Listing Rule 5810(c)(3)(A)(iii) (the “Low Priced Stocks Rule”), the Staff was providing notice of an additional and separate basis to delist the Company’s securities from the Nasdaq Capital Market for failure to comply with the Low Priced Stocks Rule relating to the Bid Price Requirement. The Panel will consider this matter in rendering its determination
  evidence_url: https://www.sec.gov/Archives/edgar/data/1478069/000119312523039351/0001193125-23-039351-index.htm
- Listing & Compliance Notices
  CONTRAFECT Corp received a nasdaq delisting notice notice regarding stockholders equity (rules 5550(b)(1)).
  - Exchange: nasdaq
  - Notice: delisting notice
  - Deficiency: stockholders equity
  - Rules: 5550(b)(1)
  source text: January 20, 2023, the staff (“Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) informed ContraFect Corporation (the “Company”) that the Staff had determined to deny the Company’s request for continued listing on the Nasdaq Capital Market (the “Staff Determination”) in connection with its failure to satisfy the continued listing requirement under Nasdaq Listing Rule 5550(b)(1) for the Nasdaq Capital Market. The Company subsequently requested a hearing before a Nasdaq Hearings Panel (“Panel”) to appeal the Staff Determination, which was granted and is scheduled to occur in March 2023. In additi
  evidence_url: https://www.sec.gov/Archives/edgar/data/1478069/000119312523039351/0001193125-23-039351-index.htm
- Governance Changes
  CONTRAFECT Corp: Amended certificate of incorporation to effect a 1-for-80 reverse stock split (effective 2023-02-14).
  - Change: charter amendment
  - Effective: 2023-02-14
  source text: At 5:00 p.m., Eastern Time, on February 14, 2023 (the “Effective Time”), a Certificate of Amendment to Amended and Restated Certificate of Incorporation (the “Certificate of Amendment”) became effective that implemented the reverse stock split of the Company’s common stock at a ratio of 1-for-80 (the “Reverse Stock Split”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1478069/000119312523039351/0001193125-23-039351-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.