secwatch.observer — SEC 8-K summary
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Issuer:     Cano Health, Inc. (—)
CIK:        0001800682
Form:       8-K
Filed at:   2023-09-11T23:59:59+00:00
Accession:  0001800682-23-000031
Event type: regulatory
Sentiment:  negative
Materiality: 0.65
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cano Health receives NYSE non-compliance notice for sub-$1 stock price
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- NYSE notified Cano on Sept 5, 2023, that avg closing price of Class A common stock was below $1.00 for 30 consecutive days.
- Cano has 6 months to regain compliance; stock continues trading on NYSE during cure period.
- To cure, Cano may pursue reverse stock split subject to stockholder approval; largest stockholder InTandem Capital Partners intends to vote in favor.
- Cano also evaluating strategic alternatives, including potential sale of company.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1800682/000180068223000031/0001800682-23-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1800682/000180068223000031/cano-20230911.htm
  HTML page:      https://secwatch.observer/filing/0001800682-23-000031

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