secwatch.observer — SEC 8-K summary
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Issuer:     Cyxtera Technologies, Inc. (—)
CIK:        0001794905
Form:       8-K
Filed at:   2023-05-11T23:59:59+00:00
Accession:  0001794905-23-000052
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Cyxtera receives Nasdaq delisting notice for bid price non-compliance; 180-day cure period until Nov 1, 2023
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- Received Nasdaq notice on May 5, 2023 for failing to maintain $1.00 minimum bid price for 30 consecutive trading days (Mar 22 - May 4, 2023).
- No immediate effect on listing or trading; stock continues trading under CYXT.
- Company has 180 calendar days (until Nov 1, 2023) to regain compliance by closing at $1.00+ for 10 consecutive business days.
- If not compliant by Nov 1, may qualify for second 180-day period by transferring to Nasdaq Capital Market and potentially effecting a reverse stock split.
- Failure to regain compliance could lead to delisting; company may appeal to a Nasdaq hearings panel.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1794905/000179490523000052/0001794905-23-000052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1794905/000179490523000052/cyxt-20230505.htm
  HTML page:      https://secwatch.observer/filing/0001794905-23-000052

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