Form 8-K - Current report
May 20 2024 - 5:00PM
Edgar (US Regulatory)
false
0001634447
0001634447
2024-05-20
2024-05-20
iso4217:USD
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iso4217:USD
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or Section 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): May 20, 2024 (May 14, 2024)
ISUN,
INC.
(Exact
name of registrant as specified in its charter)
Delaware |
|
001-37707 |
|
47-2150172 |
(State
or other jurisdiction of
incorporation or organization) |
|
(Commission
File Number) |
|
(I.R.S.
Employer
Identification Number) |
400
Avenue D, Suite 10, Williston, Vermont 05495 |
(Address
of Principal Executive Offices) (Zip Code) |
(802)
658-3378 |
(Registrant’s
telephone number, including area code) |
|
(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:
☐ |
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)) |
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, $0.0001 par value per share |
|
ISUN |
|
Nasdaq
Capital Market |
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.
Item
3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
As
previously disclosed in iSun, Inc.’s (the “Company”) Current Report on Form 8-K filed on May 19, 2023, the Company
received notice from The Nasdaq Stock Market (“Nasdaq”) indicating that the Company did not satisfy Nasdaq Listing Rule 5500(a)(2),
insofar as the bid price for the Company’s Common Stock was less than $1.00 per share for the previous 30 consecutive business
days, and in accordance with the Nasdaq Listing Rules, the Company had been provided a 180-day grace period within which to regain compliance
with that requirement, through May 13, 2024.
On
May 14, 2024, the Company received a second letter from the Nasdaq Listing Qualifications Staff indicating that, based upon the Company’s
continued non-compliance with Nasdaq Listing Rule 5550(a)(2), the Company’s securities would be subject to delisting from The Nasdaq
Capital Market unless the Company timely requests a hearing before a Nasdaq hearings panel.
The
Company does not intend to request a hearing before that panel in regards to non-compliance with Nasdaq Listing Rule 5500(a)(2) and,
as a result, trading of the Company’s Common Stock on The Nasdaq Capital Market will be suspended at the opening of business on
May 23, 2024.
The
Company anticipates pursuing the trading of its Common Stock on the OTC market. The Company can provide no assurance that the Common
Stock will commence or continue to trade on this market, whether broker-dealers will continue to provide public quotes of the Common
Stock on this market, whether the trading volume of the Common Stock will be sufficient to provide for an efficient trading market or
whether quotes for the Common Stock will continue on this market in the future.
The
Company does not anticipate that the foregoing affect the Company’s business operations or its reporting with the Securities and
Exchange Commission. .
Item
9.01. Financial Statements and Exhibits.
(d)
Exhibits
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.
Dated:
May 20, 2024
|
iSun,
Inc. |
|
|
|
|
By: |
/s/
Jeffrey Peck |
|
Name: |
Jeffrey
Peck |
|
Title: |
Chief
Executive Officer |
Exhibit 99.1
v3.24.1.1.u2
Cover
|
May 20, 2024 |
Cover [Abstract] |
|
Document Type |
8-K
|
Amendment Flag |
false
|
Document Period End Date |
May 20, 2024
|
Entity File Number |
001-37707
|
Entity Registrant Name |
ISUN,
INC.
|
Entity Central Index Key |
0001634447
|
Entity Tax Identification Number |
47-2150172
|
Entity Incorporation, State or Country Code |
DE
|
Entity Address, Address Line One |
400
Avenue D
|
Entity Address, Address Line Two |
Suite 10
|
Entity Address, City or Town |
Williston
|
Entity Address, State or Province |
VT
|
Entity Address, Postal Zip Code |
05495
|
City Area Code |
(802)
|
Local Phone Number |
658-3378
|
Written Communications |
false
|
Soliciting Material |
false
|
Pre-commencement Tender Offer |
false
|
Pre-commencement Issuer Tender Offer |
false
|
Title of 12(b) Security |
Common
Stock, $0.0001 par value per share
|
Trading Symbol |
ISUN
|
Security Exchange Name |
NASDAQ
|
Entity Emerging Growth Company |
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