secwatch.observer — SEC 8-K summary
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Issuer:     ShiftPixy, Inc. (—)
CIK:        0001675634
Form:       8-K
Filed at:   2023-06-06T23:59:59+00:00
Accession:  0001477932-23-004241
Event type: regulatory
Sentiment:  negative
Materiality: 0.85
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ShiftPixy receives Nasdaq delisting notice for failure to maintain $35M MVLS
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- Nasdaq letter dated June 5, 2023, cites non-compliance with Listing Rule 5550(b)(2) requiring $35M MVLS.
- Company also fails to meet alternative requirements under Rules 5550(b)(1) or 5550(b)(3).
- Compliance period of 180 calendar days granted; no immediate delisting effect.
- Compliance achievable if MVLS closes at $35M+ for ten consecutive business days.
- Failure to regain compliance will trigger delisting notice, subject to Nasdaq Hearings Panel appeal.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1675634/000147793223004241/0001477932-23-004241-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1675634/000147793223004241/pixy_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-23-004241

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