---
schema_version: "secwatch.filing_event.v1"
accession: "0001805833-25-000020"
form_type: "8-K"
ticker: "SST"
cik: "0001805833"
company_name: "System1, Inc."
filed_at: "2025-12-12T23:59:59+00:00"
generated_at: "2026-05-16T13:22:41.656482+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# System1 receives NYSE delisting notice; market cap and equity below threshold

## Summary
- NYSE notified System1 on Dec 8, 2025 that 30-day avg mkt cap <$50M and stockholder's equity <$50M as of Sep 30, 2025.
- Company has 18 months to cure; must submit business plan by Jan 22, 2026 for NYSE approval.
- System1 intends to consider all available alternatives to regain compliance.

## SEC filing metadata
- accession: 0001805833-25-000020
- form_type: 8-K
- ticker: SST
- cik: 0001805833
- company_name: System1, Inc.
- filed_at: 2025-12-12T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1805833/000180583325000020/0001805833-25-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1805833/000180583325000020/sst-20251208.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001805833-25-000020
- JSON: https://secwatch.observer/filing/0001805833-25-000020.json
- Plain text: https://secwatch.observer/filing/0001805833-25-000020.txt

## Source-grounded claims
- claim_id: a53955607b7e242a0baad79a31a88af420c606db
  claim: System1, Inc. received a nyse deficiency notice notice regarding market value (rules 802.01B).
  evidence_excerpt: December 8, 2025 System1, Inc. (the "Company") received a letter from the New York Stock Exchange (the "NYSE") notifying the Company that it is currently not in compliance with Section 802.01B of the NYSE Listed Company Manual because as of December 5, 2025, the Company’s 30 trading-day average market capitalization was less than $50 million and its last reported stockholder’s equity as of September 30, 2025 was less than $50 million. The Company has a period of 18 months to cure the market capitalization and/or stockholder’s equity deficiencies, subject to NYSE's approval of the Company’s bus
  evidence_url: https://www.sec.gov/Archives/edgar/data/1805833/000180583325000020/0001805833-25-000020-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.