U.S. office:
c/o Ellenoff Grossman & Schole LLP
1345 Avenue of Americas
New York, NY 10105
(Address of principal executive offices including zip code)
(212) 370-1300
(Registrant's telephone number, including area code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
o Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On May 27, 2014, Zoom Technologies, Inc. (the "Company") issued a press release announcing that, on May 21, 2014, the Company received a Nasdaq Staff Deficiency Letter indicating that, as a result of the Company not timely
filing its Quarterly Report on Form 10-Q for the quarter ended March 31, 2014, the Company
failed to comply with the periodic filing requirements for continued listing set forth in Rule 5250(c)(1) of the Nasdaq Listing Rules. In
accordance with Nasdaq Listing Rule 5810(c)(2), Nasdaq has provided the Company until June 16, 2014 to submit a plan to regain
compliance. The Company expects to be able to meet that deadline. The full text of the press release is set forth in Exhibit 99.1 attached hereto.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
Exhibit No. |
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Description |
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99.1 |
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Press Release, dated May 27, 2014. |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Date: May 27, 2014
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By: /s/ Patrick Wong
Patrick Wong
Chief Financial Officer and Secretary
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Exhibit 99.1
PRESS RELEASE
Zoom Technologies - Late Filing of 2014 Q1 Report
Beijing, China, May 27, 2014 - On May 21, 2014, Zoom Technologies, Inc. (NASDAQ: ZOOM, the
"Company") received a Nasdaq Staff Deficiency Letter indicating that, as a result of the Company not timely filing its 2014
Quarterly Report on Form 10-Q for the quarter ended March 31, 2014 (the "2014 Q1 Report"), the Company failed to comply with the periodic filing requirements for continued listing set forth in Rule 5250(c)(1) of the
Nasdaq Listing Rules. In accordance with Nasdaq Listing Rule 5810(c)(2), Nasdaq has provided the Company until June 16, 2014 to
submit a plan to regain compliance. The Company expects to file its 2014 Q1 Report in short order, and fully expects to be able to
meet the June 16, 2014 deadline.
For further details, please refer to the Company's Form 8-K filed with the
U.S. Securities and Exchange Commission on May 27, 2014.
Investor Contact:
Investor Relations
Zoom Technologies, Inc.
+86-10-5935-9576
ir@zoom.com