secwatch.observer — SEC 8-K summary
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Issuer:     SONIC FOUNDRY INC (—)
CIK:        0001029744
Form:       8-K
Filed at:   2023-12-04T23:59:59+00:00
Accession:  0001437749-23-033511
Event type: regulatory
Sentiment:  negative
Materiality: 0.85
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1029744/000143774923033511/0001437749-23-033511-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1029744/000143774923033511/sofo20231204_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-033511

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