secwatch.observer — SEC 8-K summary
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Issuer:     Red Cat Holdings, Inc. (RCAT)
CIK:        0000748268
Form:       8-K
Filed at:   2023-12-01T23:59:59+00:00
Accession:  0001554795-23-000353
Event type: regulatory
Sentiment:  negative
Materiality: 0.65
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Red Cat receives Nasdaq delisting notice for bid price below $1.00
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- Nasdaq notified Red Cat on Nov 28, 2023 that its closing bid price was below $1.00 for 30 consecutive business days.
- Company has 180 calendar days, until May 28, 2024, to regain compliance by closing at $1.00+ for 10 consecutive days.
- If compliance not met, Red Cat may be eligible for a second 180-day period subject to Nasdaq conditions.
- Stock continues trading on Nasdaq Capital Market with no immediate effect on listing.
- Company monitoring bid price and considering options, but cannot assure compliance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/748268/000155479523000353/0001554795-23-000353-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/748268/000155479523000353/rcat1201form8k.htm
  HTML page:      https://secwatch.observer/filing/0001554795-23-000353

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