secwatch.observer — SEC 8-K summary
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Issuer:     Cue Health Inc. (—)
CIK:        0001628945
Form:       8-K
Filed at:   2023-06-09T23:59:59+00:00
Accession:  0001628945-23-000127
Event type: regulatory
Sentiment:  negative
Materiality: 0.65
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Cue Health receives Nasdaq deficiency notice for bid price below $1/share
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- Received Nasdaq notice on June 6, 2023 for failing minimum $1 bid price over 30 consecutive business days.
- Has 180 days, until Dec 4, 2023, to regain compliance by closing at $1+ for 10 consecutive days.
- May transfer to Nasdaq Capital Market for an additional 180-day cure period if needed.
- Considering options including reverse stock split to cure the deficiency.
- No immediate delisting; but risk of delisting if compliance not achieved.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1628945/000162894523000127/0001628945-23-000127-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1628945/000162894523000127/hlth-20230606.htm
  HTML page:      https://secwatch.observer/filing/0001628945-23-000127

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer