secwatch.observer — SEC 8-K summary
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Issuer:     Grom Social Enterprises, Inc. (—)
CIK:        0001662574
Form:       8-K
Filed at:   2024-03-06T23:59:59+00:00
Accession:  0001683168-24-001355
Event type: regulatory
Sentiment:  negative
Materiality: 0.80
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Grom Social receives Nasdaq delisting notice for bid price non-compliance; hearing set for May 2
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- Received Nasdaq letter on Feb 29, 2024 for failure to meet $1 minimum bid price for 30 consecutive business days.
- Not eligible for compliance period due to two reverse stock splits over prior two years (cumulative ratio 250:1 or more).
- Requested hearing on March 6; hearing scheduled for May 2, 2024; suspension stayed pending Panel decision.
- No assurance of favorable outcome; risk of delisting from Nasdaq Capital Market if appeal fails.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1662574/000168316824001355/0001683168-24-001355-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1662574/000168316824001355/grom_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-001355

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