- Report of Foreign Issuer (6-K)
April 16 2012 - 7:02AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM 6-K
REPORT OF
FOREIGN PRIVATE ISSUER
Pursuant
to Section 13a-16 or 15d-16 of the Securities and Exchange Act of 1934
For the
month of April 2012
JACADA LTD.
(Translation
of registrant's name into English)
11 Shenkar Street
Herzliya, 46725 Israel
(Address of
principal executive offices)
Indicate by
check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F:
Form 20-F
X
Form
40-F ___
Indicate
by check mark if the Registrant is submitting this Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1):
Yes ____ No
X
Indicate
by check mark if the Registrant is submitting this Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7):
Yes ____ No
X
Indicate
by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act
of 1934.
Yes ____ No
X
If
"Yes" is marked, indicate below the file number assigned to the
Registrant in connection with Rule 12g3-2(b): 82- _N/A_
On April 10, 2012, Jacada Ltd. (“
Jacada
” or the “
Company
”)
received a notice from NASDAQ regarding its non-compliance with the
$5,000,000 minimum market value of publicly held shares requirement
stated in NASDAQ Listing Rule 5450(b)(1)(C).
Jacada has until October 8, 2012 to regain compliance with the minimum
market value requirement, which would require Jacada's ordinary shares
to achieve a market value of publicly held shares of $5,000,000 or more
for a minimum of 10 consecutive business days. If Jacada fails to meet
this requirement, or fails to maintain compliance with any other listing
requirement, its ordinary shares will become subject to delisting from
the NASDAQ Global Market.
If Jacada's securities do not continue to be listed on the NASDAQ Global
Market, Jacada could consider applying to have them transferred to the
NASDAQ Capital Market, provided that it satisfies the requirements for
continued listing on that market.
If Jacada's ordinary shares do not continue to be listed on the NASDAQ
Global Market or the NASDAQ Capital Market , trading, if any, would be
conducted in the over-the-counter market in the OTC Bulletin Board or
the Pink Sheets, in which trading is typically carried out for
securities that do not meet NASDAQ listing requirements. Consequently,
selling Jacada's ordinary shares would likely be more difficult because
smaller quantities of shares could be bought and sold, transactions
could be delayed, and security analyst and news media coverage of Jacada
may be reduced. These factors could result in lower prices and larger
spreads in the bid and ask prices for Jacada's shares. There can be no
assurance that Jacada's shares will continue to be listed on the NASDAQ
Global Market or, if transferred thereto, on the NASDAQ Capital Market.
SIGNATURES
Pursuant to
the requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report on Form 6-K to be signed on its behalf by
the undersigned, thereunto duly authorized.
|
|
JACADA LTD.
|
|
|
|
|
|
|
|
/s/ CAROLINE CRONIN
|
|
|
Name:
|
|
Caroline Cronin
|
|
|
Title:
|
|
Chief Financial Officer
|
|
|
|
|
|
Dated:
|
April 16, 2012
|
|
|
|
Jacada (NASDAQ:JCDA)
Historical Stock Chart
From Jun 2024 to Jul 2024
Jacada (NASDAQ:JCDA)
Historical Stock Chart
From Jul 2023 to Jul 2024