- Report of Foreign Issuer (6-K)
October 12 2012 - 9:11AM
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 October 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_
Jacada Ltd. (“
Jacada
” or the “
Company
”)
hereby reports that it expects that trading in its ordinary shares will
be transferred from the NASDAQ Stock Market to the OTCQB Marketplace
effective as of October 18, 2012.
As previously disclosed on April 16, 2012, Jacada had 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). The notice had indicated that Jacada would
have until October 8, 2012 to regain compliance with the minimum market
value requirement. NASDAQ has subsequently informed Jacada that because
Jacada has failed to regain compliance with this requirement, its
ordinary shares will become subject to delisting from the NASDAQ Global
Market on October 18, 2012.
The Company has been advised by OTC Markets Group, Inc., which operates
an electronic quotation service for securities traded over-the-counter (“
OTC
”),
that its ordinary shares are immediately eligible for quotation on the
OTCQB. The OTCQB is a market tier for OTC companies that are registered
with, and that report to, the U.S. Securities and Exchange Commission.
The Company has also been advised that its ordinary shares will continue
to be traded under the symbol “JCDA”. Investors will be able to view
real-time stock quotes for JCDA at
www.otcmarkets.com
.
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.
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JACADA LTD.
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/s/ CAROLINE CRONIN
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Name:
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Caroline Cronin
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Title:
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Chief Financial Officer
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Dated:
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October 11, 2012
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