Current Report Filing (8-k)
December 06 2019 - 5:16PM
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): December
2, 2019
PARETEUM CORPORATION
(Exact name of registrant as specified in
its charter)
Delaware
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001-35360
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95-4557538
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(State or other jurisdiction of
incorporation or organization)
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(Commission File Number)
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(I.R.S. Employer Identification No.)
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1185 Avenue of the Americas, 37th Floor
New York, NY 10036
(Address of principal executive offices)
(Zip Code)
(212) 984-1096
(Registrant's telephone number, including
area code)
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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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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
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Trading Symbol(s)
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Name of each exchange on which registered
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Common Stock
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TEUM
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NASDAQ
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Item
3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
On
December 2, 2019, Pareteum Corporation (the “Company”) received a notice (the “Notice”) from the Listing
Qualifications Staff (the “Staff”) of the Nasdaq Stock Market LLC (“Nasdaq”) indicating that, based upon
the closing bid price of the Company’s common stock for the 30 consecutive business days prior to receipt of the Notice,
the Company’s common stock no longer meets the requirement to maintain a minimum closing bid price of $1.00 per share, as
set forth in Nasdaq Listing Rule 5550(a)(2). The Notice has no immediate effect on the listing of the Company’s common stock
on the Nasdaq.
In
accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has a grace period of 180 calendar days, or until June 1, 2020,
to regain compliance with the minimum closing bid price requirement for continued listing. In order to regain compliance, the minimum
bid price per share of the Company’s common stock must be at least $1.00 for a minimum of ten consecutive business days.
If the Company does not regain compliance with the bid price requirement by June 1, 2020, it may be eligible for an additional
180-day compliance period if it meets the market value of publicly held shares requirement for continued listing, all other inclusion
requirements for the Nasdaq, except for the bid price requirement, and provides written notice that it intends to regain compliance
with the bid price requirement during the second 180-day compliance period.
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.
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PARETEUM CORPORATION
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Dated: December 6, 2019
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By:
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/s/ Alexander Korff
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Name: Alexander Korff
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Title: Corporate Secretary
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