secwatch.observer — SEC 8-K summary
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Issuer:     Forza X1, Inc. (—)
CIK:        0001901305
Form:       8-K
Filed at:   2023-10-06T23:59:59+00:00
Accession:  0001731122-23-001809
Event type: regulatory
Sentiment:  negative
Materiality: 0.55
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Forza X1 receives Nasdaq notice for failure to meet $1.00 minimum bid price; 180-day cure period
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- Nasdaq notified Forza X1 on Oct 4, 2023 that FRZA failed $1.00 min bid price for 30 consecutive days.
- Listing and trading not immediately affected; stock continues on Nasdaq Capital Market under symbol FRZA.
- Compliance period of 180 days until April 1, 2024; cure by closing bid >= $1.00 for 10 consecutive business days.
- If not compliant by April 1, 2024, may qualify for additional time if other listing standards are met.
- Company evaluating options to regain compliance, including a potential reverse stock split.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1901305/000173112223001809/0001731122-23-001809-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1901305/000173112223001809/e5090_8-k.htm
  HTML page:      https://secwatch.observer/filing/0001731122-23-001809

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