secwatch.observer — SEC 8-K summary
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Issuer:     CONTRAFECT Corp (—)
CIK:        0001478069
Form:       8-K
Filed at:   2023-09-29T23:59:59+00:00
Accession:  0001193125-23-246808
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

ContraFect receives Nasdaq bid-price deficiency; faces dual delisting risk
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- On Sep 21, 2023, Nasdaq staff notified ContraFect that bid price closed below $1.00 for 30 consecutive business days.
- Company has 180 calendar days (until Mar 19, 2024) to regain compliance with Minimum Bid Price Requirement.
- ContraFect is also contesting an earlier Nasdaq equity deficiency (Aug 15, 2023) and has a hearing pending.
- If bid price fails to close at $1.00+ for 10 consecutive days by deadline, Nasdaq may delist; possible 180-day extension if eligible.
- No assurance the company can regain compliance with either minimum stockholders' equity or minimum bid requirements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1478069/000119312523246808/0001193125-23-246808-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1478069/000119312523246808/d464552d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-246808

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