8-K
filed June 2, 2023, 7:59 PM ET
ticker BZFD
CIK 0001828972
regulatory
confidence high
sentiment negative
materiality 0.75
BuzzFeed, Inc. (BZFD): Nasdaq/NYSE listing notice — BuzzFeed receives Nasdaq delisting notice for bid price below $1.00
BuzzFeed, Inc.
- Nasdaq notified BuzzFeed on May 31, 2023 that its stock closed below $1.00 for 30 consecutive business days.
- Company has 180 calendar days, until Nov 27, 2023, to regain compliance by closing at $1.00 or more for 10 consecutive days.
- If not compliant by Nov 27, BuzzFeed may qualify for a second 180-day compliance period subject to meeting other listing standards.
- Stockholders elected Janet Roll and Adam Rothstein as Class II directors and approved officer liability limitation amendment.
- Deloitte & Touche LLP ratified as independent auditor for FY2023.
Key facts
Extracted from this filing and checked against the source text.
Listing & Compliance Notices
SEC 8-K Item 3.01
confidence 1.0
BuzzFeed, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).
- Exchange
- nasdaq
- Notice
- deficiency notice
- Deficiency
- minimum bid price
- Rules
- 5550(a)(2), 5810(c)(3)(A)
Exact text from the filing
May 31, 2023, BuzzFeed, Inc. (the “ Company ”) received a letter (the “ Notice ”) from the Listing Qualifications Department (the “ Staff ”) of The Nasdaq Stock Market LLC (“ Nasdaq ”) notifying the Company that, for the previous 30 consecutive business days, the bid price for the Company’s common stock had closed below the minimum $1.00 per share requirement for continued listing on The Nasdaq Global Market under Nasdaq Listing Rule 5550(a)(2) (the “ Bid Price Requirement ”). The Notice has no effect at this time on the Company’s common stock or warrants, which continue to trade on The Nasdaq
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
BuzzFeed, Inc.: Amendment to certificate of incorporation to eliminate or limit monetary liability of certain officers for breach of fiduciary duty of care (effective 2023-06-02).
- Change
- charter amendment
- Effective
- 2023-06-02
Exact text from the filing
the Company’s stockholders approved an amendment to the Company’s second amended and restated certificate of incorporation to eliminate or limit the monetary liability of certain of the Company’s officers for breach of the fiduciary duty of care
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
BuzzFeed, Inc. shareholders approved Election of Directors at the 2023-05-31 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-05-31
Exact text from the filing
on May 31, 2023, the Company held its 2023 annual meeting of stockholders
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
BuzzFeed, Inc. shareholders approved Approval of Amendment to our Second Amended and Restated Certificate of Incorporation to Limit the Liability of Certain Officers of the Company as Permitted by Recent Amendments to the DGCL at the 2023-05-31 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-05-31
Exact text from the filing
the Company's stockholders approved an amendment to the Company's second amended and restated certificate of incorporation to eliminate or limit the monetary liability of certain of the Company's officers for breach of the fiduciary duty of care
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.