{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-24-001561","form_type":"8-K","ticker":null,"cik":"0000704562","company_name":"Avid Bioservices, Inc.","filed_at":"2024-03-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.705483+00:00","generated_at":"2026-06-04T12:28:43.308142+00:00","sec_items":["3.01"],"event_type":"regulatory","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Avid Bioservices receives Nasdaq delisting notice for late 10-Q due to restatement","bullets":["Received Nasdaq notice on March 19, 2024, for non-compliance with Rule 5250(c)(1) due to late Form 10-Q for period ended Jan 31, 2024.","Non-compliance triggered by need to restate prior financials on classification of 1.250% Exchangeable Senior Notes due 2026 after default.","Has 60 days to submit compliance plan (by May 20, 2024); Nasdaq may grant up to 180-day extension to September 16, 2024.","Company intends to file the Form 10-Q as promptly as reasonably practicable."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-24-001561","json":"https://secwatch.observer/filing/0001683168-24-001561.json","markdown":"https://secwatch.observer/filing/0001683168-24-001561.md","text":"https://secwatch.observer/filing/0001683168-24-001561.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/704562/000168316824001561/0001683168-24-001561-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/704562/000168316824001561/avid_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T12:28:43.308142+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2364962eac28c1e07b30d7441803455d2d9315b4","claim":"Avid Bioservices, Inc. received a nasdaq deficiency notice notice regarding late filing (rules 5250(c)(1)).","evidence_excerpt":"March 19, 2024, Avid Bioservices, Inc. (the “Company”) received a notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) informing the Company that it was not in compliance with Nasdaq’s continued listing requirements under Nasdaq Listing Rule 5250(c)(1) (the “Rule”) as a result of its failure to file its Quarterly Report on Form 10-Q for the fiscal quarter ended January 31, 2024 (the “Form 10-Q”) in a timely manner. The Rule requires listed companies to timely file all required periodic reports with the Securities and Exchange Commission (th","evidence_source":"SEC 8-K Item 3.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/704562/000168316824001561/0001683168-24-001561-index.htm","confidence":0.9,"family_label":"Listing & Compliance Notices","details":[{"label":"Exchange","value":"nasdaq"},{"label":"Notice","value":"deficiency notice"},{"label":"Deficiency","value":"late filing"},{"label":"Rules","value":"5250(c)(1)"}],"fact_type":"exchange_compliance_notice"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}