secwatch.observer — SEC 8-K summary
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Issuer:     SONIC FOUNDRY INC (—)
CIK:        0001029744
Form:       8-K
Filed at:   2023-02-17T23:59:59+00:00
Accession:  0001437749-23-003774
Event type: regulatory
Sentiment:  negative
Materiality: 0.80
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1029744/000143774923003774/0001437749-23-003774-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1029744/000143774923003774/sofo20230216_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-003774

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