secwatch.observer — SEC 8-K summary
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Issuer:     Molecular Templates, Inc. (—)
CIK:        0001183765
Form:       8-K
Filed at:   2023-03-03T23:59:59+00:00
Accession:  0001193125-23-060021
Event type: regulatory
Sentiment:  negative
Materiality: 0.80
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Molecular Templates receives Nasdaq delisting notice for bid price non-compliance; plans hearing
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- Received delisting notice on Feb 28, 2023 for continued non-compliance with Nasdaq minimum bid price rule.
- Company failed to regain compliance by Feb 27, 2023 end of 180-day grace period.
- Intends to request a hearing before Nasdaq Hearings Panel to stay delisting pending decision.
- Plan to regain compliance may include a reverse stock split.
- No assurance that Panel will grant extension or that listing will be continued.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1183765/000119312523060021/0001193125-23-060021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1183765/000119312523060021/d478309d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-060021

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer