secwatch.observer — SEC 8-K summary
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Issuer:     Rubicon Technologies, Inc. (—)
CIK:        0001862068
Form:       8-K
Filed at:   2023-03-31T23:59:59+00:00
Accession:  0001829126-23-002509
Event type: regulatory
Sentiment:  negative
Materiality: 0.65
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rubicon receives NYSE non-compliance notice for average share price below $1.00
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- NYSE notified Rubicon on March 28, 2023 that average closing price of Class A common stock was below $1.00 over 30 consecutive trading days.
- Company has six-month cure period; plans to notify NYSE by April 11 of intent to cure.
- Alternatives include reverse stock split, subject to stockholder approval at annual meeting.
- Stock continues trading on NYSE with '.BC' designation; no immediate delisting.
- Non-compliance does not affect business operations or debt obligations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1862068/000182912623002509/0001829126-23-002509-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1862068/000182912623002509/rubicontech_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-23-002509

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