Current Report Filing (8-k)
September 04 2014 - 9:40AM
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): September 3, 2014
WPCS INTERNATIONAL INCORPORATED
(Exact name of registrant as specified
in its charter)
Delaware |
001-34643 |
98-0204758 |
(State or Other Jurisdiction
of Incorporation) |
(Commission
File Number) |
(IRS Employer
Identification No.) |
600 Eagleview Boulevard, Suite 300,
Exton, PA 19341
(Address of principal executive offices
and zip code)
Registrant’s telephone number,
including area code: (484) 359-7228
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 8.01 Other Events.
On September 3, 2014, WPCS International
Incorporated (the “Company”) received a letter from the Staff of the Listing Qualifications Department of The NASDAQ
Stock Market LLC (“NASDAQ”) informing the Company that the Company has regained compliance with NASDAQ Listing Rule
5550(a)(2) as for the last 10 consecutive business days, the closing bid price of the Company’s common stock has been at
$1.00 per share or greater.
On September 4, 2014, the Company issued
a press release announcing regaining compliance with NASDAQ’s minimum bid price listing rule. A copy of the press release
that discusses this matter is filed as Exhibit 99.01 to, and incorporated by reference in, this report. The information in this
Current Report is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange
Act of 1934 or otherwise subject to the liabilities of that Section. The information in this Current Report shall not be incorporated
by reference into any registration statement or other document pursuant to the Securities Act of 1933, except as shall be expressly
set forth by specific reference in any such filing.
Item 9.01 Financial Statements and Exhibits.
(d) | Exhibits. | |
| | |
| 99.01 | Press Release, dated September 4, 2014, issued by WPCS International Incorporated |
SIGNATURE
Pursuant to the requirement
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned
thereunto duly authorized.
|
WPCS INTERNATIONAL INCORPORATED |
|
|
|
|
Date: September 4, 2014 |
By: /s/ DAVID HORIN |
|
David Horin |
|
Chief Financial Officer |
Exhibit 99.01
WPCS Regains Compliance with NASDAQ Listing
Requirements
EXTON, PA - (Marketwired
– September 4, 2014) - WPCS International Incorporated (NASDAQ: WPCS) (the “Company”), which specializes
in contracting services for communications infrastructure and the development of a digital currency trading platform, today announced
that it has received a letter from NASDAQ, dated September 3, 2014, indicating that WPCS has regained compliance with Listing Rule
5550(a)(2), as the closing bid price of the Company’s common stock has been $1.00 per share or greater for the last 10 consecutive
business days. Accordingly, NASDAQ has advised that the matter is now closed.
About WPCS
International Incorporated
WPCS operates
in two business segments: (1) providing communications infrastructure contracting services to the public services, healthcare,
energy and corporate enterprise markets worldwide; and (2) developing a digital currency trading platform. For more information,
please visit www.wpcs.com, www.btxtrader.com
and www.gocelery.com.
Statements
about the Company's future expectations, including future revenue and earnings and all other statements in this press release,
other than historical facts, are "forward looking" statements and are made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and
are subject to change at any time. The Company's actual results could differ materially from expected results. In reflecting
subsequent events or circumstances, the Company undertakes no obligation to update forward-looking statements.
INVESTOR CONTACT:
Capital Markets Group, LLC
Valter Pinto
PH: (914) 669-0222 or (212) 398-3486
valter@capmarketsgroup.com
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