---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-005950"
form_type: "8-K"
ticker: "PETV"
cik: "0001512922"
company_name: "PetVivo Holdings, Inc."
filed_at: "2023-02-24T23:59:59+00:00"
generated_at: "2026-06-19T00:41:01.445896+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# PetVivo receives Nasdaq delisting notice for low equity; CEO takes stock in lieu of salary

## Summary
- Nasdaq notified PetVivo on Feb 17, 2023 that stockholders' equity fell below $2.5M, failing Listing Rule 5550(b)(1).
- Company has until April 3, 2023 to submit a plan to regain compliance; Nasdaq may grant up to 180-day extension.
- CEO John Lai will receive 60,600 RSUs (value $175,000) in lieu of cash salary for March–August 2023.
- RSUs vest monthly at 10,100 shares starting March 1, 2023, based on VWAP of $2.8878.
- Common stock (PETV) and warrants (PETVW) continue trading on Nasdaq Capital Market pending plan review.

## SEC filing metadata
- accession: 0001493152-23-005950
- form_type: 8-K
- ticker: PETV
- cik: 0001512922
- company_name: PetVivo Holdings, Inc.
- filed_at: 2023-02-24T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1512922/000149315223005950/0001493152-23-005950-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1512922/000149315223005950/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-005950
- JSON: https://secwatch.observer/filing/0001493152-23-005950.json
- Plain text: https://secwatch.observer/filing/0001493152-23-005950.txt

## Key facts
- Listing & Compliance Notices
  PetVivo Holdings, Inc. received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: stockholders equity
  - Rules: 5550(b)(1)
  source text: February 17, 2023, PetVivo Holdings, Inc. (the “Company”) received written notice (“ Notice ”) from the Nasdaq Stock Market (“ Nasdaq ”) stating that the Company no longer complies with the minimum stockholders’ equity requirement under Nasdaq Listing Rule 5550(b)(1) for continued listing on The Nasdaq Capital Market because the Company’s stockholders’ equity, as reported in the Company’s Quarterly Report on Form 10-Q for the quarterly period ended December 31, 2022, has fallen below $2.5 million. The Notice also indicates that the Company does not meet the alternative compliance standards rel
  evidence_url: https://www.sec.gov/Archives/edgar/data/1512922/000149315223005950/0001493152-23-005950-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.