secwatch.observer — SEC 8-K summary
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Issuer:     Verastem, Inc. (VSTM)
CIK:        0001526119
Form:       8-K
Filed at:   2022-11-09T23:59:59+00:00
Accession:  0001558370-22-017024
Event type: regulatory
Sentiment:  negative
Materiality: 0.50
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Verastem receives Nasdaq deficiency notice; bid price below $1.00 for 30 days
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- Received deficiency letter on Nov 4, 2022 for failing minimum bid price of $1.00 per share for 30 consecutive business days.
- Must regain compliance by May 3, 2023; eligible for additional 180-day period if met except bid price rule.
- Company may consider reverse stock split to cure; no immediate effect on listing or trading under VSTM.
- No assurance the company will regain compliance; delisting risk remains if not cured by deadline.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1526119/000155837022017024/0001558370-22-017024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1526119/000155837022017024/vstm-20221104x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-017024

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