secwatch.observer — SEC 8-K summary
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Issuer:     CONTRAFECT Corp (—)
CIK:        0001478069
Form:       8-K
Filed at:   2023-02-14T23:59:59+00:00
Accession:  0001193125-23-039351
Event type: other
Sentiment:  negative
Materiality: 0.90
Item codes: 3.01, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1478069/000119312523039351/0001193125-23-039351-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1478069/000119312523039351/d464805d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-039351

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