secwatch.observer — SEC 8-K summary
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Issuer:     Skillz Inc. (SKLZ)
CIK:        0001801661
Form:       8-K
Filed at:   2022-12-20T23:59:59+00:00
Accession:  0001628280-22-032338
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Skillz receives NYSE non-compliance notice; stock price below $1.00 average
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- NYSE notified Skillz on Dec 16, 2022 that its Class A common stock average closing price was below $1.00 over 30 consecutive trading days.
- No immediate delisting; stock continues trading on NYSE while Skillz pursues cure.
- Company must notify NYSE by Jan 3, 2023 of intent to cure; has up to six months to regain compliance.
- Cure options include a reverse stock split, subject to stockholder approval at next annual meeting.
- If stock price exceeds $1.00 and stays above for 30 trading days after approval, deficiency deemed cured.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1801661/000162828022032338/0001628280-22-032338-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1801661/000162828022032338/sklz-20221216.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-032338

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