secwatch.observer — SEC 8-K summary
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Issuer:     CYANOTECH CORP (CYAN)
CIK:        0000768408
Form:       8-K
Filed at:   2023-05-08T23:59:59+00:00
Accession:  0001437749-23-013008
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/768408/000143774923013008/0001437749-23-013008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/768408/000143774923013008/cyan20230504_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-013008

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