---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-097328"
form_type: "8-K"
ticker: null
cik: "0001551693"
company_name: "PROJECT SAGE OLDCO, INC."
filed_at: "2023-12-20T23:59:59+00:00"
generated_at: "2026-06-07T09:49:16.399944+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Sientra receives Nasdaq deficiency notices for bid price below $1.00 and MVPHS below $15M

## Summary
- Nasdaq notified Sientra on Dec 14, 2023 that bid price was below $1.00 for 30 consecutive days.
- MVPHS of common stock was below $15M for 30 consecutive business days as of Dec 14.
- Company has 180 calendar days, until June 11, 2024, to regain compliance with both requirements.
- If not compliant by June 11, Sientra may transfer to Nasdaq Capital Market or face delisting.
- Company will monitor bid price and MVPHS and consider available options to cure deficiencies.

## SEC filing metadata
- accession: 0001213900-23-097328
- form_type: 8-K
- cik: 0001551693
- company_name: PROJECT SAGE OLDCO, INC.
- filed_at: 2023-12-20T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1551693/000121390023097328/0001213900-23-097328-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1551693/000121390023097328/ea190431-8k_sientra.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-097328
- JSON: https://secwatch.observer/filing/0001213900-23-097328.json
- Plain text: https://secwatch.observer/filing/0001213900-23-097328.txt

## Key facts
- Listing & Compliance Notices
  PROJECT SAGE OLDCO, INC. received a nasdaq deficiency notice notice regarding market value (rules 5450(b)(3)(C), 5810(c)(3)(D)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: market value
  - Rules: 5450(b)(3)(C), 5810(c)(3)(D)
  source text: December 14, 2023, Sientra, Inc. (the “Company”) received written notice from the Listing Qualifications Department of The Nasdaq Stock Market, LLC (“Nasdaq”) notifying the Company that, based on the closing bid price of the Company’s common stock, par value $0.01 per share (the “Common Stock”), for the last 30 consecutive trading days, the Company no longer complies with the minimum bid price requirement for continued listing on The Nasdaq Global Select Market. Nasdaq Listing Rule 5450(a)(1) requires listed securities to maintain a minimum bid price of $1.00 per share (the “Minimum Bid Price
  evidence_url: https://www.sec.gov/Archives/edgar/data/1551693/000121390023097328/0001213900-23-097328-index.htm
- Listing & Compliance Notices
  PROJECT SAGE OLDCO, INC. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1), 5810(c)(3)(A)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: minimum bid price
  - Rules: 5450(a)(1), 5810(c)(3)(A)
  source text: December 14, 2023, Sientra, Inc. (the “Company”) received written notice from the Listing Qualifications Department of The Nasdaq Stock Market, LLC (“Nasdaq”) notifying the Company that, based on the closing bid price of the Company’s common stock, par value $0.01 per share (the “Common Stock”), for the last 30 consecutive trading days, the Company no longer complies with the minimum bid price requirement for continued listing on The Nasdaq Global Select Market. Nasdaq Listing Rule 5450(a)(1) requires listed securities to maintain a minimum bid price of $1.00 per share (the “Minimum Bid Price
  evidence_url: https://www.sec.gov/Archives/edgar/data/1551693/000121390023097328/0001213900-23-097328-index.htm

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