secwatch.observer — SEC 8-K summary
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Issuer:     System1, Inc. (SST)
CIK:        0001805833
Form:       8-K
Filed at:   2023-04-06T23:59:59+00:00
Accession:  0001805833-23-000038
Event type: regulatory
Sentiment:  negative
Materiality: 0.80
Item codes: 3.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

System1 receives NYSE delisting notice for late 10-K filing; has until Sept 30, 2023 to file
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- NYSE notified System1 on April 3, 2023 of non-compliance due to failure to timely file FY2022 10-K.
- Company has six months, until September 30, 2023, to file the Annual Report and regain compliance.
- System1 does not expect material changes to previously reported FY2022 revenue or cash expenses.
- Delays due to accounting errors in 2022 quarterly periods, purchase accounting for business combinations, and goodwill impairment analysis.
- If not filed by deadline, NYSE may grant up to six additional months or suspend/delist.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1805833/000180583323000038/0001805833-23-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1805833/000180583323000038/sst-20230406.htm
  HTML page:      https://secwatch.observer/filing/0001805833-23-000038

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