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 7, 2019

 

TARONIS TECHNOLOGIES, INC.

(Exact name of registrant as specified in its charter)

 

Delaware   001-35586   26-0250418

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employee

Identification No.)

 

11885 44th Street North

Clearwater, FL 33762

(Address of principal executive offices) (Zip Code)

 

Registrant’s telephone number, including area code: (727) 934-3448

 

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 communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company [  ]

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [  ]

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock   TRNX   The Nasdaq Capital Market, LLC

 

 

 

     
 

 

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

 

On May 7, 2019, Taronis Technologies, Inc. (the “Company”) received written notice from the Staff of the Listing Qualifications department of The Nasdaq Stock Market LLC (the “Staff”) indicating that because the Company did not timely evidence compliance with Listing Rule 5550(a)(2) (the “Minimum Bid Price Rule”) by May 6, 2019, the Company’s Common Stock was subject to delisting unless the Company timely requests a hearing before the Nasdaq Hearings Panel (the “Panel”).

 

The Company plans to request a hearing before the Panel, which request will stay any further suspension or delisting action by the Staff. At the hearing, the Company will present its plan to evidence compliance with the Minimum Bid Price Rule and request an extension of time to do so. Although the Company is taking steps to satisfy the Minimum Bid Price Rule, there can be no assurance that the Panel will grant the Company additional time or that the Company will be able to regain compliance within the timeframe that may be granted by the Panel.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit No.   Description
     
99.1   Letter from Nasdaq Listings Qualification department dated May 7, 2019.

 

     
 

 

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.

 

Date: May 13, 2019

 

  TARONIS TECHNOLOGIES, INC.
     
  /s/ Scott Mahoney  
  By: Scott Mahoney
  Its: Chief Executive Officer

 

     
 
Taronis Technologies (NASDAQ:TRNX)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Taronis Technologies Charts.
Taronis Technologies (NASDAQ:TRNX)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Taronis Technologies Charts.