secwatch.observer — SEC 8-K summary
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Issuer:     WORLDS INC (—)
CIK:        0000001961
Form:       8-K
Filed at:   2022-11-07T23:59:59+00:00
Accession:  0001264931-22-000181
Event type: regulatory
Sentiment:  negative
Materiality: 0.80
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Worlds Inc. gets OTCQB delisting notice for sub-$0.01 stock; 90-day cure period
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- Closing bid price below $0.01 for 30 consecutive days violates OTCQB Section 2.3(2).
- Cure period ends January 30, 2023; need $0.01 or greater for 10 consecutive trading days.
- Immediate removal if bid price falls below $0.001 for five consecutive trading days.
- Exploring potential transactions or reverse stock split to meet threshold; no agreements reached.
- Discussions are early stage; no assurance of consummation or price increase.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1961/000126493122000181/0001264931-22-000181-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1961/000126493122000181/wddd8k.htm
  HTML page:      https://secwatch.observer/filing/0001264931-22-000181

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer