secwatch.observer — SEC 8-K summary
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Issuer:     SOLIGENIX, INC. (SNGX)
CIK:        0000812796
Form:       8-K
Filed at:   2022-12-23T23:59:59+00:00
Accession:  0001558370-22-018968
Event type: regulatory
Sentiment:  negative
Materiality: 0.85
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Soligenix receives Nasdaq delisting notice for failure to meet $1.00 bid price rule
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- Nasdaq notified Soligenix on Dec 20, 2022 that it failed to regain compliance with the Minimum Bid Price Rule by the Dec 19, 2022 deadline.
- Company will request a hearing by Dec 27 to stay trading suspension; hearing expected within 45 days.
- Also notified Nov 16, 2022 for non-compliance with $2.5M stockholders' equity requirement.
- Board proposes reverse stock split (1-for-2 to 1-for-20) to regain compliance; preliminary proxy filed Dec 23.
- Stock continues trading under SNGX while hearing is pending; no guarantee of regaining compliance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/812796/000155837022018968/0001558370-22-018968-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/812796/000155837022018968/tmb-20221220x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-018968

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