secwatch.observer — SEC 8-K summary
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Issuer:     2U, Inc. (—)
CIK:        0001459417
Form:       8-K
Filed at:   2024-03-15T23:59:59+00:00
Accession:  0001459417-24-000014
Event type: regulatory
Sentiment:  negative
Materiality: 0.65
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

2U receives Nasdaq notice for bid price below $1.00; has 180 days to regain compliance
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- Nasdaq notified 2U on March 14, 2024 that its common stock bid price was below $1.00 for 30 consecutive business days.
- Company has until September 10, 2024 (180 calendar days) to cure the deficiency.
- To regain compliance, stock must close at $1.00+ for at least 10 consecutive business days.
- 2U may consider a reverse stock split to address the bid price deficiency.
- Shares continue trading on Nasdaq under symbol TWOU during the compliance period.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1459417/000145941724000014/0001459417-24-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1459417/000145941724000014/twou-20240314.htm
  HTML page:      https://secwatch.observer/filing/0001459417-24-000014

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