secwatch.observer — SEC 8-K summary
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Issuer:     SHINECO, INC. (—)
CIK:        0001300734
Form:       8-K
Filed at:   2023-03-23T23:59:59+00:00
Accession:  0001493152-23-008699
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Shineco receives Nasdaq deficiency notice for bid price below $1.00 per share over 30 days
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- Notice received March 20, 2023; stock SISI has 180 days (until Sept 18, 2023) to regain compliance.
- Must have closing bid price ≥ $1.00 for at least 10 consecutive business days within the period.
- If not cured, may qualify for additional 180-day period if meeting other listing standards.
- Failure could lead to delisting; company evaluating options including reverse stock split.
- Company intends to monitor bid price but cannot assure compliance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1300734/000149315223008699/0001493152-23-008699-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1300734/000149315223008699/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-008699

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