secwatch.observer — SEC 8-K summary
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Issuer:     Blend Labs, Inc. (BLND)
CIK:        0001855747
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001855747-23-000029
Event type: regulatory
Sentiment:  negative
Materiality: 0.65
Item codes: 3.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Blend Labs receives NYSE delisting notice; average stock price below $1.00 for 30 trading days
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- NYSE notified Blend on April 28, 2023, of non-compliance with Section 802.01C due to avg closing price <$1.00 over 30 days.
- Company has six months from receipt to regain compliance; possible cure includes a reverse stock split if needed.
- Stock continues trading on NYSE; notice does not affect business operations or SEC reporting obligations.
- Blend plans to notify NYSE of intent to cure within 10 business days and is pursuing business initiatives to drive share price.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1855747/000185574723000029/0001855747-23-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1855747/000185574723000029/blnd-20230428.htm
  HTML page:      https://secwatch.observer/filing/0001855747-23-000029

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer