---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-003774"
form_type: "8-K"
ticker: null
cik: "0001029744"
company_name: "SONIC FOUNDRY INC"
filed_at: "2023-02-17T23:59:59+00:00"
generated_at: "2026-06-19T07:45:23.979290+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Sonic Foundry notified by Nasdaq of non-compliance with $2.5M minimum stockholders' equity requirement

## Summary
- Stockholders' equity of $922,000 as of Dec 31, 2022, falls below Nasdaq's $2.5M minimum for continued listing.
- Sonic Foundry has 45 days to submit a compliance plan; Nasdaq may grant an extension of up to 180 days.
- Company also does not meet alternative listing standards: market value of listed securities or net income.

## SEC filing metadata
- accession: 0001437749-23-003774
- form_type: 8-K
- cik: 0001029744
- company_name: SONIC FOUNDRY INC
- filed_at: 2023-02-17T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1029744/000143774923003774/0001437749-23-003774-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1029744/000143774923003774/sofo20230216_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-003774
- JSON: https://secwatch.observer/filing/0001437749-23-003774.json
- Plain text: https://secwatch.observer/filing/0001437749-23-003774.txt

## Key facts
- Listing & Compliance Notices
  SONIC FOUNDRY INC received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: stockholders equity
  - Rules: 5550(b)(1)
  source text: February 14, 2023, Sonic Foundry, Inc. (the “Company”) was notified by The Nasdaq Stock Market LLC (“Nasdaq”) that it is not in compliance with the requirement to maintain a minimum of $2,500,000 in stockholders’ equity for continued listing. Since its Form 10-Q for the period ended December 31, 2022, reported stockholders’ equity of $922,000, and as of February 10, 2023, the Company does not meet the alternatives of market value of listed securities or net income, as set forth in Nasdaq Listing Rule 5550(b)(1), the Company no longer complies with the Rule. In accordance with Nasdaq Listing R
  evidence_url: https://www.sec.gov/Archives/edgar/data/1029744/000143774923003774/0001437749-23-003774-index.htm

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