secwatch.observer — SEC 8-K summary
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Issuer:     TOFUTTI BRANDS INC (TOFB)
CIK:        0000730349
Form:       8-K
Filed at:   2023-05-26T23:59:59+00:00
Accession:  0001493152-23-019261
Event type: regulatory
Sentiment:  negative
Materiality: 0.65
Item codes: 3.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tofutti receives OTC Markets delisting notice for market cap below $5M
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- On May 22, 2023, Tofutti received notice from OTC Markets that its market cap fell below $5M for 30 consecutive days, violating OTCQX continued listing rules.
- The company has a 180-day cure period ending November 20, 2023 to regain compliance.
- To regain compliance, market cap must stay at or above $5M for 10 consecutive trading days within the cure period.
- Tofutti may also seek a transfer to the OTCQB market if compliance is not restored.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/730349/000149315223019261/0001493152-23-019261-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/730349/000149315223019261/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-019261

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