secwatch.observer — SEC 8-K summary
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Issuer:     Fabric.AI, Inc. (FABC)
CIK:        0001086745
Form:       8-K
Filed at:   2024-07-24T23:59:59+00:00
Accession:  0001493152-24-028915
Event type: regulatory
Sentiment:  negative
Materiality: 0.80
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

AYRO receives Nasdaq deficiency notice for bid price below $1.00; 180-day cure period until Jan 14, 2025
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- Nasdaq notified AYRO on July 18, 2024, that its common stock failed to meet the $1.00 minimum bid price for 30 consecutive business days.
- Compliance period of 180 calendar days, until January 14, 2025, to regain compliance.
- To cure, AYRO's stock must close at $1.00 or higher for at least ten consecutive business days.
- If not cured by Jan 14, AYRO may seek an additional 180-day period by meeting other listing standards and proposing a reverse stock split.
- The notice has no immediate effect on AYRO's Nasdaq listing; stock continues to trade.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1086745/000149315224028915/0001493152-24-028915-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1086745/000149315224028915/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-028915

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