secwatch.observer — SEC 8-K summary
======================================

Issuer:     PetVivo Holdings, Inc. (PETV)
CIK:        0001512922
Form:       8-K
Filed at:   2023-02-24T23:59:59+00:00
Accession:  0001493152-23-005950
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1512922/000149315223005950/0001493152-23-005950-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1512922/000149315223005950/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-005950

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer