secwatch.observer — SEC 8-K summary
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Issuer:     ISUN, INC. (—)
CIK:        0001634447
Form:       8-K
Filed at:   2023-11-17T23:59:59+00:00
Accession:  0001493152-23-041869
Event type: debt
Sentiment:  negative
Materiality: 0.80
Item codes: 2.04, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

iSun receives default notice on $12.5M convertible notes; Nasdaq extends bid price compliance to May 2024
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- On Nov 13, 2023, Purchasers (Anson) declared Event of Default on $12.5M convertible notes for unpaid Nov 1 amounts and accelerated the Notes at Mandatory Default Amount.
- Nasdaq granted iSun an additional 180 calendar days (until May 13, 2024) to regain $1 minimum bid price compliance for continued listing.
- iSun failed to regain compliance within initial 180-day period ending Nov 13, 2023; extension requires closing bid at $1 for 10 consecutive business days.
- The Company intends to consider all available options to regain compliance with Nasdaq listing standards.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1634447/000149315223041869/0001493152-23-041869-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1634447/000149315223041869/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-041869

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