secwatch.observer — SEC 8-K summary
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Issuer:     VBI Vaccines Inc/BC (—)
CIK:        0000764195
Form:       8-K
Filed at:   2023-11-03T23:59:59+00:00
Accession:  0001493152-23-039348
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

VBI Vaccines receives Nasdaq deficiency notice for bid price below $1.00
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- Nasdaq letter dated Nov 1, 2023; stock closed below $1.00 for 30 consecutive business days (Sept 19 – Oct 31).
- Company has 180-day compliance period until April 29, 2024 to regain minimum bid price.
- Must achieve closing bid of $1.00 or more for at least 10 consecutive business days during the period.
- If not cured, may be eligible for additional 180 days if it meets other listing standards and plans a reverse split.
- No immediate impact on listing; shares continue trading on Nasdaq during compliance period.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/764195/000149315223039348/0001493152-23-039348-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/764195/000149315223039348/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-039348

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