secwatch.observer — SEC 8-K summary
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Issuer:     Ocean Biomedical, Inc. (OCEA)
CIK:        0001869974
Form:       8-K
Filed at:   2024-12-09T23:59:59+00:00
Accession:  0001493152-24-049281
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Ocean Biomedical fails Nasdaq minimum bid price rule; given 180 days to comply
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- Nasdaq notified Ocean Biomedical of non-compliance with minimum $1 bid price rule on Dec 3, 2024.
- Closing bid price below $1 for 30 consecutive business days ended Dec 2, 2024.
- Company has 180 days, until June 2, 2025, to regain compliance.
- To regain compliance, bid price must close at $1 for 10 consecutive business days.
- If not compliant by June 2, 2025, may be eligible for extra time or face delisting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1869974/000149315224049281/0001493152-24-049281-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1869974/000149315224049281/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-049281

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer