---
schema_version: "secwatch.filing_event.v1"
accession: "0001401708-24-000004"
form_type: "8-K"
ticker: null
cik: "0001401708"
company_name: "NS Wind Down Co., Inc."
filed_at: "2024-01-05T23:59:59+00:00"
generated_at: "2026-06-07T03:01:54.982769+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# NanoString reduces workforce by 9% (50 positions); Nasdaq warns of bid price non-compliance

## Summary
- Company committed to layoff of ~50 positions (~9% of global workforce); expects ~$2M in severance costs in Q4 2023, completion by March 2024.
- Received Nasdaq deficiency notice on Jan 4, 2024 for bid price closing below $1.00 for 30 consecutive business days.
- Company has until July 2, 2024 to regain compliance by closing at $1.00+ for 10 consecutive business days.
- May qualify for second 180-day period if transferred to Nasdaq Capital Market; considering reverse stock split.

## SEC filing metadata
- accession: 0001401708-24-000004
- form_type: 8-K
- cik: 0001401708
- company_name: NS Wind Down Co., Inc.
- filed_at: 2024-01-05T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.05, 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1401708/000140170824000004/0001401708-24-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1401708/000140170824000004/nstg-20231231.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001401708-24-000004
- JSON: https://secwatch.observer/filing/0001401708-24-000004.json
- Plain text: https://secwatch.observer/filing/0001401708-24-000004.txt

## Key facts
- Listing & Compliance Notices
  NS Wind Down Co., Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: minimum bid price
  - Rules: 5450(a)(1)
  source text: January 4, 2024, the Company received written notice (the “Notice”) from The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, for the last 30 consecutive business days, the bid price for the Company’s common stock (the “Common Stock”) has closed below the $1.00 per share minimum bid price requirement for continued inclusion on the Nasdaq Global Market pursuant to Nasdaq Listing Rule 5450(a)(1) (the “Minimum Bid Price Requirement”). The Notice has no immediate effect on the listing of the Common Stock, which continues to trade on the Nasdaq Global Market under the symbol “NSTG”. I
  evidence_url: https://www.sec.gov/Archives/edgar/data/1401708/000140170824000004/0001401708-24-000004-index.htm
- Restructurings & Charges
  NS Wind Down Co., Inc. announced a restructuring with charges of approximately $2 million (approximately 50 positions, representing approximately 9% of the Company's global workforce).
  - Type: restructuring
  - Charge: approximately $2 million
  - Headcount: approximately 50 positions, representing approximately 9% of the Company's global workforce
  source text: On December 31, 2023, the Company committed to a reduction in force that is expected to result in the termination of approximately 50 positions, representing approximately 9% of the Company's global workforce. The Company took this step to decrease its costs and create a more streamlined organization to support its business. In connection with the reduction in force, the Company currently estimates it will incur approximately $2 million of costs, consisting primarily of cash severance costs and transition support services for impacted employees, which the Company expects to recognize in the fourth quarter of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1401708/000140170824000004/0001401708-24-000004-index.htm

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