secwatch.observer — SEC 8-K summary
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Issuer:     Equillium, Inc. (EQ)
CIK:        0001746466
Form:       8-K
Filed at:   2024-12-13T23:59:59+00:00
Accession:  0001193125-24-278465
Event type: regulatory
Sentiment:  negative
Materiality: 0.65
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Equillium receives Nasdaq minimum bid price non-compliance notice; cure period until June 11, 2025
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- Nasdaq notified Equillium on Dec 13, 2024 that common stock bid price was below $1.00 for 30 consecutive business days.
- Company has 180 calendar days, until June 11, 2025, to regain compliance with the Minimum Bid Price Requirement.
- To cure, minimum bid must close at $1.00 or higher for at least ten consecutive business days during the grace period.
- If not cured by June 2025, Equillium may qualify for a second 180-day compliance period if it meets other listing standards.
- Equillium intends to monitor bid price and is considering options such as a reverse stock split to regain compliance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1746466/000119312524278465/0001193125-24-278465-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1746466/000119312524278465/d903111d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-278465

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