secwatch.observer — SEC 8-K summary
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Issuer:     Kaleyra, Inc. (—)
CIK:        0001719489
Form:       8-K
Filed at:   2023-04-06T23:59:59+00:00
Accession:  0001193125-23-093185
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kaleyra receives NYSE delisting notice for market cap deficiency; stock to trade with .BC
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- NYSE notified Kaleyra on April 3, 2023 that 30-day avg market cap ($31.5M) and stockholders' equity ($42.2M) both below $50M threshold.
- Company has 45 days to submit a business plan to NYSE to demonstrate ability to regain compliance within 18 months.
- NYSE confirmed Kaleyra regained compliance with $1.00 minimum avg closing price rule (previously non-compliant since Nov 2022).
- Common stock will continue trading on NYSE under symbol KLR with ".BC" designation during cure period.
- Notice does not affect SEC reporting obligations or trigger default under debt agreements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1719489/000119312523093185/0001193125-23-093185-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1719489/000119312523093185/d448208d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-093185

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