Current Report Filing (8-k)
May 26 2015 - 4:07PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): May 19, 2015
VAPOR
CORP.
(Exact
name of registrant as specified in its charter)
Delaware |
|
001-36469 |
|
84-1070932 |
(State
or Other Jurisdiction |
|
(Commission |
|
(I.R.S.
Employer |
of
Incorporation) |
|
File
Number) |
|
Identification
No.) |
3001
Griffin Road
Dania
Beach, Florida 33312
(Address
of Principal Executive Office) (Zip Code)
(888)
766-5351
(Registrant’s
telephone number, including area code)
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:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] 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 19, 2015, Vapor Corp. (the “Company”) received a deficiency letter from the Nasdaq Listing Qualifications department
(the “Staff”) notifying the Company that for the last 30 consecutive business days the Company’s common stock
had closed below the minimum $1.00 per share bid price requirement for continued inclusion on The Nasdaq Capital Market pursuant
to Nasdaq Listing Rule 5550(a)(2). In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided an initial
period of 180 calendar days, or until November 16, 2015, to regain compliance with the bid price requirement. If, at any time
before November 16, 2015, the closing bid price for the Company’s common stock is $1.00 or more for a minimum of 10 consecutive
business days, the Staff will provide written notification to the Company that it has regained compliance with the bid price requirement.
If
the Company does not regain compliance with the bid price requirement by November 16, 2015, the Company may be eligible for an
additional 180 calendar day compliance period provided that it meets the continued listing requirement for the market value of
publicly held shares and all other initial listing standards, with the exception of the bid price requirement, and provides the
Staff with written notice of its intention to cure the deficiency. If the Company does not regain compliance by November 16, 2015
or the termination of any subsequent compliance period, if applicable, the Staff will provide written notification to the Company
that its common stock may be delisted.
In
anticipation of receiving the Staff’s notice, on May 12, 2015, the Company filed a preliminary proxy statement on Schedule
14A with the Securities and Exchange Commission, followed by a definitive proxy statement filed May 22, 2015, in connection with
the Company’s 2015 Annual Meeting of shareholders that included a proposal to approve an amendment to the Company’s
Certificate of Incorporation to effect a reverse stock split. The Company’s Annual Meeting is scheduled for July 7, 2015.
There can be no assurance that the Company’s shareholders will approve the amendment, or that a reverse stock split will
prevent the Company’s stock price from falling below the bid price requirement in the future.
SIGNATURES
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.
|
VAPOR CORP. |
|
|
|
Date:
May 26, 2015 |
By:
|
/s/ James Martin |
|
Name:
|
James
Martin |
|
Title: |
Chief
Financial Officer |
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