secwatch.observer — SEC 8-K summary
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Issuer:     ShiftPixy, Inc. (—)
CIK:        0001675634
Form:       8-K
Filed at:   2024-02-26T23:59:59+00:00
Accession:  0001477932-24-000894
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

ShiftPixy receives Nasdaq delisting notice for MVLS below $35M threshold
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- Nasdaq notified ShiftPixy on Feb 26, 2024 that its MVLS was below $35M requirement (Listing Rule 5550(b)(2)).
- Company also fails to meet alternative listing standards under Rules 5550(b)(1) or (b)(3).
- ShiftPixy has 180 calendar days to regain compliance by closing MVLS at $35M for 10 consecutive business days.
- If not compliant after 180 days, staff will issue delisting determination, appealable to Nasdaq Hearings Panel.
- No immediate effect on listing; stock remains on Nasdaq Capital Market during compliance period.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1675634/000147793224000894/0001477932-24-000894-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1675634/000147793224000894/pixy_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-24-000894

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