---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-019789"
form_type: "8-K"
ticker: null
cik: "0001029744"
company_name: "SONIC FOUNDRY INC"
filed_at: "2023-07-12T23:59:59+00:00"
generated_at: "2026-06-13T09:17:39.062470+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Sonic Foundry receives Nasdaq delisting notice; plans to appeal

## Summary
- Nasdaq notified on July 6, 2023 that company failed to regain compliance with $1.00 minimum bid price rule and is ineligible for second grace period.
- Company also failed to meet $2.5M minimum stockholders' equity requirement; deficiency is separate basis for delisting despite extension to July 14, 2023.
- Trading suspension set for July 17, 2023 unless appeal is filed; company intends to appeal by July 13, 2023 to stay delisting pending Hearings Panel decision.

## SEC filing metadata
- accession: 0001437749-23-019789
- form_type: 8-K
- cik: 0001029744
- company_name: SONIC FOUNDRY INC
- filed_at: 2023-07-12T23:59:59+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/1029744/000143774923019789/0001437749-23-019789-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1029744/000143774923019789/sofo20230711_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-019789
- JSON: https://secwatch.observer/filing/0001437749-23-019789.json
- Plain text: https://secwatch.observer/filing/0001437749-23-019789.txt

## Key facts
- Listing & Compliance Notices
  SONIC FOUNDRY INC received a nasdaq delisting notice notice regarding stockholders equity (rules 5550(b)).
  - Exchange: nasdaq
  - Notice: delisting notice
  - Deficiency: stockholders equity
  - Rules: 5550(b)
  source text: July 6, 2023, the Company was notified by Nasdaq that it had not regained compliance with the Rule and is not eligible for a second 180 day period. Additionally, on February 14, 2023, the Staff notified the Company that it failed to comply with Nasdaq’s $2,500,000 minimum stockholders’ equity requirement for continued listing and, as of that date, the Company did not meet the alternative requirements of market value of listed securities or net income from continuing operations as set forth in Listing Rule 5550(b). In that regard, the Company submitted its plan to regain compliance and was gran
  evidence_url: https://www.sec.gov/Archives/edgar/data/1029744/000143774923019789/0001437749-23-019789-index.htm
- Listing & Compliance Notices
  SONIC FOUNDRY INC received a nasdaq delisting notice notice regarding minimum bid price (rules 5550(a)(2)).
  - Exchange: nasdaq
  - Notice: delisting notice
  - Deficiency: minimum bid price
  - Rules: 5550(a)(2)
  source text: July 6, 2023, the Company was notified by Nasdaq that it had not regained compliance with the Rule and is not eligible for a second 180 day period. Additionally, on February 14, 2023, the Staff notified the Company that it failed to comply with Nasdaq’s $2,500,000 minimum stockholders’ equity requirement for continued listing and, as of that date, the Company did not meet the alternative requirements of market value of listed securities or net income from continuing operations as set forth in Listing Rule 5550(b). In that regard, the Company submitted its plan to regain compliance and was gran
  evidence_url: https://www.sec.gov/Archives/edgar/data/1029744/000143774923019789/0001437749-23-019789-index.htm

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