secwatch.observer — SEC 8-K summary
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Issuer:     Instil Bio, Inc. (TIL)
CIK:        0001789769
Form:       8-K
Filed at:   2023-01-27T23:59:59+00:00
Accession:  0001789769-23-000018
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Instil Bio receives Nasdaq deficiency notice for bid price below $1.00
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- Received Nasdaq notice on Jan 24, 2023 for non-compliance with minimum bid price rule (bid < $1 for 30 consecutive days).
- Has 180 calendar days until July 24, 2023 to regain compliance by having bid >= $1 for 10 consecutive business days.
- May transfer to Nasdaq Capital Market for an additional 180-day compliance period if eligible.
- Company intends to monitor bid price and consider options, but no assurance of regaining compliance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1789769/000178976923000018/0001789769-23-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1789769/000178976923000018/til-20230124.htm
  HTML page:      https://secwatch.observer/filing/0001789769-23-000018

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer