secwatch.observer — SEC 8-K summary
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Issuer:     Longeveron Inc. (LGVN)
CIK:        0001721484
Form:       8-K
Filed at:   2024-03-07T23:59:59+00:00
Accession:  0001213900-24-020524
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Longeveron receives Nasdaq minimum bid price deficiency notice
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- Nasdaq notified Longeveron on March 4, 2024, that Class A common stock failed to meet $1.00 minimum bid price for 30 consecutive days.
- Company has 180 calendar days until August 31, 2024, to regain compliance by closing at $1.00+ for 10 consecutive business days.
- If not compliant by August 31, may get additional 180 days if it meets all other initial listing standards except bid price.
- Stockholders authorized reverse stock split on February 21, 2024; Board has not yet determined a specific ratio.
- If stock closes at $0.10 or less for 10 consecutive trading days before compliance date, Nasdaq can immediately suspend and delist.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1721484/000121390024020524/0001213900-24-020524-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1721484/000121390024020524/ea0201295-8k_longeveron.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-020524

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