secwatch.observer — SEC 8-K summary
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Issuer:     CLOVER HEALTH INVESTMENTS, CORP. /DE (CLOV)
CIK:        0001801170
Form:       8-K
Filed at:   2023-04-21T23:59:59+00:00
Accession:  0001801170-23-000024
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Clover Health receives Nasdaq delisting notice for bid price below $1.00
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- Nasdaq notified Clover on April 20, 2023 that CLOV closed below $1.00 for 30 consecutive business days.
- Company has 180 calendar days, until October 17, 2023, to regain compliance by closing at $1.00+ for 10 consecutive days.
- May seek stockholder approval to effect a reverse stock split to regain compliance.
- If not compliant by Oct 17, may transfer to Nasdaq Capital Market for an additional 180-day cure period.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1801170/000180117023000024/0001801170-23-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1801170/000180117023000024/clov-20230420.htm
  HTML page:      https://secwatch.observer/filing/0001801170-23-000024

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