secwatch.observer — SEC 8-K summary
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Issuer:     Arcimoto Inc (—)
CIK:        0001558583
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0001213900-24-036195
Event type: regulatory
Sentiment:  negative
Materiality: 0.80
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Arcimoto receives Nasdaq delisting notice; stock to delist May 1 unless appeal filed
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- Letter dated April 22, 2024; delisting effective May 1, 2024 unless Company appeals with $20,000 fee and stays delisting pending hearing.
- Failed compliance with Nasdaq Listing Rules 5450(a)(1), 5450(b)(1)(A), 5250(c)(1), and 5250(f); cure period expired.
- Also failed to maintain minimum market value of publicly held shares of $15M for 30 consecutive business days; 180-day cure period available.
- Appeal panel must decide within 15 calendar days of request; delisting stay is not automatic.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1558583/000121390024036195/0001213900-24-036195-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1558583/000121390024036195/ea020469801-8k_arcimoto.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-036195

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