---
schema_version: "secwatch.filing_event.v1"
accession: "0001595585-22-000097"
form_type: "8-K"
ticker: null
cik: "0001595585"
company_name: "Tricida, Inc."
filed_at: "2022-12-12T23:59:59+00:00"
generated_at: "2026-06-21T06:08:50.338137+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Tricida: Patheon terminates supply pact; Nasdaq warns of delisting for low MVPHS

## Summary
- Patheon alleges material breach and terminates Manufacturing and Commercial Supply Agreement; seeks damages.
- Nasdaq notifies Tricida that MVPHS below $15M for 30 consecutive days; 180-day grace period until June 6, 2023.
- If not compliant by June 6, 2023, Tricida may transfer to Nasdaq Capital Market or face delisting and appeal.
- Tricida assessing options but no assurance of regaining compliance with Nasdaq listing rules.

## SEC filing metadata
- accession: 0001595585-22-000097
- form_type: 8-K
- cik: 0001595585
- company_name: Tricida, Inc.
- filed_at: 2022-12-12T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.02, 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1595585/000159558522000097/0001595585-22-000097-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1595585/000159558522000097/tcda-20221207.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001595585-22-000097
- JSON: https://secwatch.observer/filing/0001595585-22-000097.json
- Plain text: https://secwatch.observer/filing/0001595585-22-000097.txt

## Key facts
- Listing & Compliance Notices
  Tricida, Inc. received a nasdaq deficiency notice notice regarding market value (rules 5450(b)(2)(C)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: market value
  - Rules: 5450(b)(2)(C)
  source text: December 8, 2022, Tricida received a notice from The Nasdaq Stock Market (“Nasdaq”) that the Company was not in compliance with Nasdaq’s Listing Rule 5450(b)(2)(C), as the market value of publicly held shares (the “MVPHS”) for the Company’s common stock had been below the minimum MVPHS requirement of $15,000,000 for 30 consecutive business days (the “MVPHS Requirement”). The notice has no immediate effect on the listing or trading of the Company’s common stock, which will continue to be listed and traded on the Nasdaq Global Select Market, subject to the Company’s compliance with the other Nas
  evidence_url: https://www.sec.gov/Archives/edgar/data/1595585/000159558522000097/0001595585-22-000097-index.htm
- Material Agreements
  Tricida, Inc. terminated Manufacturing and Commercial Supply Agreement with Patheon Austria GmbH & Co KG valued at Alleged termination notice for material breach of Manufacturing and Commercial Supply Agreement (effective 2022-12-07).
  - Action: termination
  - Agreement: supply
  - Counterparty: Patheon Austria GmbH & Co KG
  - Value: Alleged termination notice for material breach of Manufacturing and Commercial Supply Agreement
  - Effective: 2022-12-07
  source text: On December 7, 2022, Tricida, Inc. (“Tricida”) received notice from Patheon Austria GmbH & Co KG (“Patheon”) alleging that Tricida was in material breach of the Manufacturing and Commercial Supply Agreement, effective October 4, 2019 (as amended by amendment no. 1 dated March 30, 2021, amendment no. 2 dated August 26, 2021, amendment no. 3 dated July 1, 2022, and amendment no. 4 dated September 15, 2022 collectively the “Agreement”) between Tricida and Patheon.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1595585/000159558522000097/0001595585-22-000097-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.