{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-033586","form_type":"8-K","ticker":null,"cik":"0001401395","company_name":"Neptune Wellness Solutions Inc.","filed_at":"2023-12-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.908197+00:00","generated_at":"2026-06-07T17:52:35.603058+00:00","sec_items":["3.01","9.01"],"event_type":"regulatory","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Neptune Wellness faces Nasdaq delisting over bid price and equity shortfalls; plans to appeal","bullets":["Received delisting notice on Nov 30, 2023 for non-compliance with Minimum Bid Requirement (below $1 for 30 days) and Stockholders' Equity Requirement (below $2.5M).","Ineligible for compliance period due to two reverse stock splits with cumulative ratio >=250:1 over prior two years.","Company must request hearing by Dec 7, 2023; hearing request stays suspension pending Panel decision.","Neptune references strategic initiatives: spinout of Sprout Organics and planned acquisition of Datasys.","No assurance of success of appeal."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-033586","json":"https://secwatch.observer/filing/0001437749-23-033586.json","markdown":"https://secwatch.observer/filing/0001437749-23-033586.md","text":"https://secwatch.observer/filing/0001437749-23-033586.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1401395/000143774923033586/0001437749-23-033586-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1401395/000143774923033586/nept20231204_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T17:52:35.603058+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6f474daa4548add2ede04caef4cd09a417768cf2","claim":"Neptune Wellness Solutions Inc. received a nasdaq delisting notice notice regarding minimum bid price (rules 5550(a)(2)).","evidence_excerpt":"November 30, 2023, Neptune Wellness Solutions Inc. (the “Company”) received a letter from the staff of the Listing Qualifications Department of The NASDAQ Stock Market LLC (“NASDAQ Staff”) indicating that unless the Company requests a hearing before the NASDAQ Listing Qualifications Panel (“Panel”) by December 7, 2023, the Company's common stock would be subject to delisting based upon its non-compliance with NASDAQ's Minimum Bid Requirement (as defined below) and NASDAQ’s Stockholders’ Equity Requirement (as defined below), as set forth in NASDAQ Listing Rules 5550(a)(2) and 5550 (b)(1), resp","evidence_source":"SEC 8-K Item 3.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1401395/000143774923033586/0001437749-23-033586-index.htm","confidence":0.97,"family_label":"Listing & Compliance Notices","details":[{"label":"Exchange","value":"nasdaq"},{"label":"Notice","value":"delisting notice"},{"label":"Deficiency","value":"minimum bid price"},{"label":"Rules","value":"5550(a)(2)"}],"fact_type":"exchange_compliance_notice"},{"claim_id":"a9d743153f6b91718b6fe0ddffb12f5690c5ab30","claim":"Neptune Wellness Solutions Inc. received a nasdaq delisting notice notice regarding stockholders equity (rules 5550(b)(1)).","evidence_excerpt":"November 30, 2023, Neptune Wellness Solutions Inc. (the “Company”) received a letter from the staff of the Listing Qualifications Department of The NASDAQ Stock Market LLC (“NASDAQ Staff”) indicating that unless the Company requests a hearing before the NASDAQ Listing Qualifications Panel (“Panel”) by December 7, 2023, the Company's common stock would be subject to delisting based upon its non-compliance with NASDAQ's Minimum Bid Requirement (as defined below) and NASDAQ’s Stockholders’ Equity Requirement (as defined below), as set forth in NASDAQ Listing Rules 5550(a)(2) and 5550 (b)(1), resp","evidence_source":"SEC 8-K Item 3.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1401395/000143774923033586/0001437749-23-033586-index.htm","confidence":0.95,"family_label":"Listing & Compliance Notices","details":[{"label":"Exchange","value":"nasdaq"},{"label":"Notice","value":"delisting notice"},{"label":"Deficiency","value":"stockholders equity"},{"label":"Rules","value":"5550(b)(1)"}],"fact_type":"exchange_compliance_notice"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}