secwatch.observer — SEC 8-K summary
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Issuer:     SONIC FOUNDRY INC (—)
CIK:        0001029744
Form:       8-K
Filed at:   2023-01-11T23:59:59+00:00
Accession:  0001437749-23-000870
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Sonic Foundry receives Nasdaq bid price deficiency notice; 180 days to comply
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- Nasdaq notified Sonic Foundry on Jan 6, 2023 that common stock bid price closed below $1.00 for 30 consecutive business days.
- Company has until July 5, 2023 to regain compliance; stock continues trading on Nasdaq Capital Market.
- To regain compliance, bid price must close at $1.00 or higher for at least 10 consecutive trading days.
- If not compliant by July 5, 2023, Company may seek a second 180-day period and consider a reverse stock split.
- Failure to regain compliance could lead to delisting of common stock (SOFO).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1029744/000143774923000870/0001437749-23-000870-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1029744/000143774923000870/sofo20230109_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-000870

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