secwatch.observer — SEC 8-K summary
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Issuer:     National CineMedia, Inc. (NCMI)
CIK:        0001377630
Form:       8-K
Filed at:   2023-06-15T23:59:59+00:00
Accession:  0001377630-23-000080
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Nasdaq grants interim continued listing for NCMI through July 26, 2023, pending bankruptcy plan approval
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- Nasdaq Hearings Panel approved continued listing on interim basis through July 26, 2023.
- Company's operating subsidiary NCM LLC filed Chapter 11 on April 12, 2023; restructuring plan pending Bankruptcy Court approval.
- Approximately 79% of secured lenders support the plan; disclosure statement hearing set for June 26, 2023.
- If delisted, common stock may trade on OTC Pink under symbol 'NCMI'; no assurance of liquid trading market.
- Delisting could impair liquidity, ability to raise capital, and stock price.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1377630/000137763023000080/0001377630-23-000080-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1377630/000137763023000080/ncmllc-20230614.htm
  HTML page:      https://secwatch.observer/filing/0001377630-23-000080

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