---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-164346"
form_type: "8-K"
ticker: null
cik: "0001760173"
company_name: "SURGALIGN HOLDINGS, INC."
filed_at: "2023-06-09T23:59:59+00:00"
generated_at: "2026-06-14T04:07:28.229754+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Surgalign receives Nasdaq MVPHS deficiency notice; 180 days to comply

## Summary
- June 5, 2023: Nasdaq notified SRGA MVPHS fell below $15M for 30 consecutive business days.
- Company has until Dec 4, 2023 to regain compliance by closing at $15M+ for 10 consecutive days.
- Prior stockholders' equity deficiency (April 10) resolved; Staff closed matter on May 25 plan review.
- Failure to regain MVPHS compliance could lead to delisting or transfer to Nasdaq Capital Market.

## SEC filing metadata
- accession: 0001193125-23-164346
- form_type: 8-K
- cik: 0001760173
- company_name: SURGALIGN HOLDINGS, INC.
- filed_at: 2023-06-09T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.01, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1760173/000119312523164346/0001193125-23-164346-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1760173/000119312523164346/d465329d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-164346
- JSON: https://secwatch.observer/filing/0001193125-23-164346.json
- Plain text: https://secwatch.observer/filing/0001193125-23-164346.txt

## Key facts
- Listing & Compliance Notices
  SURGALIGN HOLDINGS, INC. received a nasdaq deficiency notice notice regarding market value (rules 5450(b)(3)(C)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: market value
  - Rules: 5450(b)(3)(C)
  source text: June 5, 2023 Surgalign Holdings, Inc. (the “Company”) received a deficiency letter from the Nasdaq Listing Qualifications Department (the “Staff”) of the Nasdaq Stock Market LLC (the “Nasdaq”) notifying the Company that it did not comply with Listing Rule 5450(b)(3)(C) that requires listed securities to maintain a minimum Market Value of Publicly Held Shares (“MVPHS”) of $15,000,000 for 30 consecutive business days. The Nasdaq deficiency letter has no immediate effect on the listing of the Company’s common stock. In accordance with Nasdaq Listing Rule 5810(c)(3)(D), the Company has been given
  evidence_url: https://www.sec.gov/Archives/edgar/data/1760173/000119312523164346/0001193125-23-164346-index.htm

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