secwatch.observer — SEC 8-K summary
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Issuer:     ADDVANTAGE TECHNOLOGIES GROUP INC (—)
CIK:        0000874292
Form:       8-K
Filed at:   2023-06-09T23:59:59+00:00
Accession:  0001628280-23-021709
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Addvantage Technologies receives Nasdaq deficiency notice for bid price below $1.00 per share
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- Received Nasdaq letter on June 7, 2023, for non-compliance with minimum bid price of $1.00 for 30 consecutive business days.
- No immediate effect on listing; 180-day compliance period ends December 4, 2023.
- To regain compliance, closing bid price must be at least $1.00 for 10 consecutive business days during grace period.
- Company may qualify for a second 180-day period if it meets other Nasdaq listing standards.
- Intends to consider available options to cure deficiency, including a reverse stock split.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/874292/000162828023021709/0001628280-23-021709-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/874292/000162828023021709/aey-20230609.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-021709

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