---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-23-002401"
form_type: "8-K"
ticker: null
cik: "0001662574"
company_name: "Grom Social Enterprises, Inc."
filed_at: "2023-04-14T23:59:59+00:00"
generated_at: "2026-06-17T01:59:10.328613+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Grom Social receives Nasdaq deficiency notice for failing to meet $1.00 minimum bid price

## Summary
- Received deficiency letter on April 10, 2023 from Nasdaq listing qualifications department.
- Common stock bid price below $1.00 for 30 consecutive business days; fails Listing Rule 5550(a)(2).
- Initial compliance period ends October 9, 2023; cure by closing at or above $1.00 for 10 consecutive days.
- Possible second 180-day period if company meets other listing standards and intends to cure via reverse split.
- No assurance of regaining compliance; delisting could lead to trading on OTC Markets.

## SEC filing metadata
- accession: 0001683168-23-002401
- form_type: 8-K
- cik: 0001662574
- company_name: Grom Social Enterprises, Inc.
- filed_at: 2023-04-14T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1662574/000168316823002401/0001683168-23-002401-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1662574/000168316823002401/grom_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-23-002401
- JSON: https://secwatch.observer/filing/0001683168-23-002401.json
- Plain text: https://secwatch.observer/filing/0001683168-23-002401.txt

## Key facts
- Listing & Compliance Notices
  Grom Social Enterprises, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: minimum bid price
  - Rules: 5550(a)(2)
  source text: April 10, 2023, Grom Social Enterprises, Inc. (the “Company”) received a deficiency letter (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, based upon the closing bid price of the Company’s common stock, par value $0.001 per share (the “Common Stock”), for the last 30 consecutive business days, the Company is not currently in compliance with the requirement to maintain a minimum bid price of $1.00 per share for continued listing on The Nasdaq Capital Market, as set forth in Nasdaq Listing Rule 5550(a)(2) (the “Minim
  evidence_url: https://www.sec.gov/Archives/edgar/data/1662574/000168316823002401/0001683168-23-002401-index.htm

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