secwatch.observer — SEC 8-K summary
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Issuer:     Motus GI Holdings, Inc. (—)
CIK:        0001686850
Form:       8-K
Filed at:   2023-01-10T23:59:59+00:00
Accession:  0001493152-23-001032
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 2.05, 3.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Motus GI explores strategic alternatives, cuts 45% of staff; receives Nasdaq equity deficiency notice
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- Engaged Lake Street Capital to advise on potential acquisition, merger, reverse merger, sale of assets, or licensing.
- Restructuring plan cuts ~45% of workforce in Q1 2023, reducing quarterly cash expenditures by ~35%.
- Non-management board fees deferred; no salary/bonus increases for executives; CEO gets $150K retention, COO $100K, CFO $75K.
- Received Nasdaq notice for non-compliance with $2.5M minimum stockholders' equity (reported $762K at Sep 30); must submit compliance plan by Feb 18, 2023.
- Company continues to support Pure-Vu EVS customers; plans to seek FDA approval for Pure-Vu EVS Gastro in H2 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1686850/000149315223001032/0001493152-23-001032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1686850/000149315223001032/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-001032

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