secwatch.observer — SEC 8-K summary
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Issuer:     Enservco Corp (—)
CIK:        0000319458
Form:       8-K
Filed at:   2023-05-08T23:59:59+00:00
Accession:  0001437749-23-013066
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Enservco receives NYSE American noncompliance notice; equity below $2M requirement
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- Stockholders' equity was ~$1.2M at Dec 31, 2022, below NYSE American's $2M minimum.
- Company has until June 9, 2024 to regain compliance; NYSE accepted a cure plan.
- Steps taken: $3.5M equity offering in Feb 2023 and $1.1M debt-to-equity conversion by Cross River Partners.
- Additional $2.5M debt-to-equity conversion subject to shareholder vote at June 13, 2023 Annual Meeting.
- No immediate effect on listing or trading of ENSV common stock.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/319458/000143774923013066/0001437749-23-013066-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/319458/000143774923013066/ensv20230508_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-013066

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer