---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-033511"
form_type: "8-K"
ticker: null
cik: "0001029744"
company_name: "SONIC FOUNDRY INC"
filed_at: "2023-12-04T23:59:59+00:00"
generated_at: "2026-06-07T18:31:29.502867+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Sonic Foundry receives Nasdaq delisting notice; stock to trade on OTC Markets Dec 5

## Summary
- Nasdaq Hearings Panel determined to delist SOFO; trading suspension effective Dec 5, 2023.
- Company will not appeal the delisting determination.
- Non-compliance with minimum bid price (Rule 5550(a)(2)) and stockholders' equity requirements (Rule 5550(b)).
- Expected to begin trading on OTC Markets Group platform under symbol SOFO on Dec 5, 2023.
- Company received multiple extensions but failed to regain compliance by Dec 1, 2023 deadline.

## SEC filing metadata
- accession: 0001437749-23-033511
- form_type: 8-K
- cik: 0001029744
- company_name: SONIC FOUNDRY INC
- filed_at: 2023-12-04T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1029744/000143774923033511/0001437749-23-033511-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1029744/000143774923033511/sofo20231204_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-033511
- JSON: https://secwatch.observer/filing/0001437749-23-033511.json
- Plain text: https://secwatch.observer/filing/0001437749-23-033511.txt

## Key facts
- 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: As previously disclosed, on January 6, 2023, the Nasdaq Listing Qualifications staff (the “Staff”) notified the Company that it no longer complied with the minimum bid price requirement under Listing Rule 5550(a)(2). In accordance with Listing Rule 5810(c)(3)(A), the Company was provided 180 calendar days, or until July 6, 2023, to regain compliance with Listing Rule 5550(a)(2).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1029744/000143774923033511/0001437749-23-033511-index.htm
- Listing & Compliance Notices
  SONIC FOUNDRY INC received a nasdaq noncompliance notice notice regarding stockholders equity (rules 5550(b)).
  - Exchange: nasdaq
  - Notice: noncompliance notice
  - Deficiency: stockholders equity
  - Rules: 5550(b)
  source text: 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 or any of the alternative requirements in Listing Rule 5550(b). In that regard, the Company submitted its plan to regain compliance and was granted an extension until July 14, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1029744/000143774923033511/0001437749-23-033511-index.htm

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