---
schema_version: "secwatch.filing_event.v1"
accession: "0001305323-22-000070"
form_type: "8-K"
ticker: null
cik: "0001305323"
company_name: "Zovio Inc"
filed_at: "2022-11-02T23:59:59+00:00"
generated_at: "2026-06-22T12:35:31.815531+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Zovio receives Nasdaq delisting notice, will not appeal; stock to cease trading Nov 10

## Summary
- Closing bid price under $1 for 30 consecutive business days triggered Nasdaq non-compliance.
- Company elected not to appeal delisting, citing previously disclosed stockholder-approved dissolution.
- Common stock will cease trading on Nasdaq after close on November 10, 2022.
- Transfer agent instructed to close stock transfer records and discontinue recording transfers.

## SEC filing metadata
- accession: 0001305323-22-000070
- form_type: 8-K
- cik: 0001305323
- company_name: Zovio Inc
- filed_at: 2022-11-02T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1305323/000130532322000070/0001305323-22-000070-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1305323/000130532322000070/zvo-20221101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001305323-22-000070
- JSON: https://secwatch.observer/filing/0001305323-22-000070.json
- Plain text: https://secwatch.observer/filing/0001305323-22-000070.txt

## Key facts
- Listing & Compliance Notices
  Zovio Inc received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: minimum bid price
  - Rules: 5550(a)(2)
  source text: November 1, 2022, Zovio Inc (the “Company”) received an expected written notification (the “Notice”) from the Listing Qualifications Department of the NASDAQ Stock Market LLC (“Nasdaq”) notifying the Company that the closing bid price for its common stock had been below $1.00 for 30 consecutive business days and that the Company therefore is not in compliance with the minimum bid price requirement for continued inclusion on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2). In light of the Company's previously disclosed pending dissolution as authorized by the Company's stockholde
  evidence_url: https://www.sec.gov/Archives/edgar/data/1305323/000130532322000070/0001305323-22-000070-index.htm

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