---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-013008"
form_type: "8-K"
ticker: "CYAN"
cik: "0000768408"
company_name: "CYANOTECH CORP"
filed_at: "2023-05-08T23:59:59+00:00"
generated_at: "2026-06-15T14:55:32.196252+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Cyanotech receives Nasdaq bid price deficiency notice; 180 days to regain $1.00 minimum

## Summary
- Nasdaq notified Cyanotech on May 2, 2023 that bid price closed below $1.00 for 30 consecutive business days.
- Company has until October 30, 2023 to regain compliance with Bid Price Rule 5550(a)(2).
- Compliance can be achieved if bid price closes at $1.00 or more for 10 consecutive business days before deadline.
- If not compliant by Oct 30, Cyanotech may qualify for a second 180-day period if it meets other listing requirements.
- Failure to regain compliance could lead to delisting from Nasdaq Capital Market; appeal rights exist.

## SEC filing metadata
- accession: 0001437749-23-013008
- form_type: 8-K
- ticker: CYAN
- cik: 0000768408
- company_name: CYANOTECH CORP
- filed_at: 2023-05-08T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/768408/000143774923013008/0001437749-23-013008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/768408/000143774923013008/cyan20230504_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-013008
- JSON: https://secwatch.observer/filing/0001437749-23-013008.json
- Plain text: https://secwatch.observer/filing/0001437749-23-013008.txt

## Key facts
- Listing & Compliance Notices
  CYANOTECH CORP received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: minimum bid price
  - Rules: 5550(a)(2), 5810(c)(3)(A)
  source text: May 2, 2023, Cyanotech Corporation (the “Company”) received a notification letter (the “Notice”) from the Listing Qualifications Department (the “Staff”) of 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 had closed below the minimum $1.00 per share requirement for continued listing on the Nasdaq under Nasdaq Listing Rule 5550(a)(2) (“Bid Price Rule”). The Notice provided that, in accordance with the Nasdaq Listing Rule 5810(c)(3)(A) (the Compliance Period Rule), the Company has an initia
  evidence_url: https://www.sec.gov/Archives/edgar/data/768408/000143774923013008/0001437749-23-013008-index.htm

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