{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-24-000064","form_type":"8-K","ticker":null,"cik":"0001822145","company_name":"Presto Automation Inc.","filed_at":"2024-01-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.736128+00:00","generated_at":"2026-06-07T04:10:35.263157+00:00","sec_items":["3.01"],"event_type":"regulatory","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Presto Automation receives Nasdaq delisting notice for bid price below $1.00","bullets":["Nasdaq notice on Dec 28, 2023 for failing minimum $1.00 bid price for 30 consecutive business days.","180-day compliance period to June 25, 2024 to regain compliance.","If not cured, may be eligible for additional 180 days and might reverse stock split.","Common stock continues trading on Nasdaq Global Market during cure period.","Company plans to monitor bid price and evaluate options; no assurance of compliance."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-24-000064","json":"https://secwatch.observer/filing/0001558370-24-000064.json","markdown":"https://secwatch.observer/filing/0001558370-24-000064.md","text":"https://secwatch.observer/filing/0001558370-24-000064.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1822145/000155837024000064/0001558370-24-000064-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1822145/000155837024000064/prst-20231228x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T04:10:35.263157+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"9c5ad21cab4a307d6025a17e99cd3e3c89887b27","claim":"Presto Automation Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1)).","evidence_excerpt":"December 28, 2023, Presto Automation Inc. (the “Company”) received a notice (the “Notice”) from The Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company is not in compliance with the requirement to maintain a minimum closing bid price of $1.00 per share, as set forth in Nasdaq Listing Rule 5450(a)(1) (the “Bid Price Requirement”), because the closing bid price of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), was below $1.00 per share for 30 consecutive business days. The Notice does not impact the listing of the Common Stock on The Nasdaq Global Market at","evidence_source":"SEC 8-K Item 3.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1822145/000155837024000064/0001558370-24-000064-index.htm","confidence":0.9,"family_label":"Listing & Compliance Notices","details":[{"label":"Exchange","value":"nasdaq"},{"label":"Notice","value":"deficiency notice"},{"label":"Deficiency","value":"minimum bid price"},{"label":"Rules","value":"5450(a)(1)"}],"fact_type":"exchange_compliance_notice"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}