secwatch.observer — SEC 8-K summary
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Issuer:     Tricida, Inc. (—)
CIK:        0001595585
Form:       8-K
Filed at:   2022-12-07T23:59:59+00:00
Accession:  0001595585-22-000095
Event type: regulatory
Sentiment:  negative
Materiality: 0.85
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tricida receives dual Nasdaq noncompliance notices; stock at risk of delisting
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- Nasdaq notified Tricida on Dec 6, 2022 of bid price below $1.00 for 30 consecutive days (Rule 5450(a)(1)).
- Separate notice: market value of listed securities below $50M for 30 consecutive days; also fails alternative standards.
- Company has 180 days (until June 5, 2023) to regain compliance on each requirement.
- Possible transfer to Nasdaq Capital Market for additional compliance period if not cured by June 5, 2023.
- Failure to regain compliance or transfer could result in delisting; no assurance of continued listing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1595585/000159558522000095/0001595585-22-000095-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1595585/000159558522000095/tcda-20221206.htm
  HTML page:      https://secwatch.observer/filing/0001595585-22-000095

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