Current Report Filing (8-k)
December 24 2015 - 1:07PM
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): December 23, 2015
REAL GOODS
SOLAR, INC.
(Exact Name of Registrant as Specified
in its Charter)
Colorado |
001-34044 |
26-1851813 |
(State or Other Jurisdiction
of Incorporation) |
(Commission File Number) |
(IRS Employer
Identification No.) |
833 West South Boulder Road, Louisville,
CO 80027-2452
(Address of Principal Executive Offices,
Including Zip Code)
Registrant’s telephone number,
including area code: (303) 222-8300
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):
| ¨ | 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 communication 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 December 23, 2015, Real Goods Solar, Inc. (the “Company”)
received a letter from The Nasdaq Stock Market (“NASDAQ”), notifying the Company that for the last 30 consecutive business
days, the bid price of the Company’s Class A common stock had closed below the minimum $1.00 per share requirement for continued
inclusion on NASDAQ based on Listing Rule 5550(a)(2), and describing a timetable for bringing the Company into compliance with
that rule.
The Company’s Class A common stock remains listed on NASDAQ
under the symbol RGSE. Under Listing Rule 5810(c)(3)(A), the Company has 180 calendar days, or until June 20, 2016, to regain compliance.
If at any time before then, the Company’s Class A common stock has a closing bid price of $1.00 or more for a minimum of
10 consecutive business days, NASDAQ staff will notify the Company that it has regained compliance.
If the Company has not met the requirements of Rule 5550(a)(2)
by June 20, 2016, but meets the continued listing requirement for market value of publicly held shares and all other applicable
standards for initial listing on The Nasdaq Capital Market (other than the minimum bid price requirement), then the Company may
be eligible for an additional 180 day compliance period. In order to qualify, the Company will need to provide written notice
of its intention to cure the deficiency during the second compliance period, by effecting a reverse stock split if necessary.
If it appears to NASDAQ staff that the Company will not be able to cure the deficiency during this second compliance period, or
if the Company is otherwise not eligible, the staff will provide notice that the Company’s securities will be subject to
delisting.
The Company intends to actively monitor the bid price for its
common stock between now and June 20, 2016, and will consider available options to resolve the deficiency and regain compliance
with the NASDAQ minimum bid price requirement.
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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REAL GOODS SOLAR, INC. |
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By: |
/s/ Dennis Lacey |
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Dennis Lacey |
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Chief Executive Officer and Acting Principal Financial Officer |
Date: December 24, 2015