secwatch.observer — SEC 8-K summary
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Issuer:     9 METERS BIOPHARMA, INC. (—)
CIK:        0001551986
Form:       8-K
Filed at:   2023-06-16T23:59:59+00:00
Accession:  0001551986-23-000049
Event type: regulatory
Sentiment:  negative
Materiality: 0.65
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

9 Meters Biopharma receives Nasdaq non-compliance notice for bid price below $1.00
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- On June 12, 2023, Nasdaq notified 9 Meters that its stock closed below $1.00 for 31 consecutive business days.
- Company has 180 calendar days (until Dec 11, 2023) to regain compliance by closing at $1.00 or more for 10 consecutive days.
- If not cured, may be eligible for additional 180-day period if meeting other listing standards and provides notice.
- No immediate effect on listing; company is evaluating options to regain compliance.
- There is no assurance of regaining compliance; delisting risk remains.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1551986/000155198623000049/0001551986-23-000049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1551986/000155198623000049/nmtr-20230612.htm
  HTML page:      https://secwatch.observer/filing/0001551986-23-000049

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