secwatch.observer — SEC 8-K summary
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Issuer:     Grom Social Enterprises, Inc. (—)
CIK:        0001662574
Form:       8-K
Filed at:   2023-04-14T23:59:59+00:00
Accession:  0001683168-23-002401
Event type: regulatory
Sentiment:  negative
Materiality: 0.65
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1662574/000168316823002401/0001683168-23-002401-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1662574/000168316823002401/grom_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-002401

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