- Current report filing (8-K)
March 22 2010 - 5:22PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 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):
March 22,
2010 (March 16, 2010)
PINNACLE
GAS RESOURCES, INC.
(Exact Name of
Registrant as Specified in Charter)
Delaware
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001-33457
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30-0182582
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(State or Other
Jurisdiction of
Incorporation)
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(Commission File
Number)
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(IRS
Employer Identification No.)
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1
East Alger Street
Sheridan,
Wyoming 82801
(Address of
Principal Executive Offices) (Zip Code)
(307)
673-9710
(Registrants
telephone number, including area code)
Not
applicable
(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:
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
3.01. Notice of Delisting or Failure to Satisfy a Continued
Listing Rule or Standard.
As previously disclosed
in the Current Report on Form 8-K filed with the Securities and Exchange
Commission on September 21, 2009 by Pinnacle Gas Resources, Inc. (the
Company), on September 15, 2009, the Company received notice from the
Listing Qualifications Department of the Nasdaq Stock Market, Inc. (Nasdaq)
that it was not in compliance with the minimum bid price requirement pursuant
to Listing Rule 5450(a)(1) because its common stock price had been
less than $1.00 per share for the previous 30 consecutive business days. At that time, the Company had 180 days to
regain compliance with the minimum bid price requirement.
On March 16, 2010,
the Company received written notice (the Staff Determination) from Nasdaq
that because the Company has not regained compliance with the minimum bid price
requirement within the 180-day compliance period, the Companys common stock
would be delisted from The Nasdaq Global Market unless the Company requests an
appeal of this determination to a Nasdaq Hearings Panel (the Panel) no later
than 4:00 p.m. Eastern Time on March 23, 2010.
On March 22, 2010,
the Company requested such an appeal, which request automatically delayed the
delisting of the Companys common stock at least until the Panel issues a final
decision. The Panel has the discretion
to grant the Company up to 180 additional calendar days from its March 16,
2010 letter in which to satisfy the $1.00 per share bid price requirement. There can be no assurance that the Panel will
grant an extension or that the Company will be able to comply with the
conditions of any extension by the Panels decision date or by the expiration
of any extension the Panel grants.
If the Panel sustains the
Nasdaq Staffs delisting determination at the hearing or following any
extension granted at the hearing, the Company may file an appeal to the Nasdaq
Listing and Hearings Review Council (the Listing Council), or the Listing
Council may review the Panels decision on its own accord. A review by the Listing Council does not
delay the delisting decision unless the Listing Council determines in its
discretion to do so.
Item 7.01
Regulation FD Disclosure.
On March 22, 2010,
the Company issued a press release regarding the above-referenced notification
from Nasdaq. A copy of the press release
is furnished with this Current Report on Form 8-K as Exhibit 99.1 and
is hereby incorporated by reference.
The information is this
Item 7.01 and Exhibit 99.1 is being furnished and shall not be deemed
filed for purposes of Section 18 of the Exchange Act of 1934, as amended
(the Exchange Act) or otherwise subject to the liabilities of that section,
nor shall it be deemed incorporated by reference in any filing under the
Securities Act of 1933, as amended (the Securities Act) or the Exchange Act,
except as shall be expressly set forth in such filing.
Item 9.01
Financial Statements and Exhibits.
(d) Exhibits:
Exhibit No.
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Description
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99.1
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Press release dated
March 22, 2010.
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2
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.
Date: March 22,
2009
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PINNACLE GAS RESOURCES, INC.
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By:
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/s/ Peter G.
Schoonmaker
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Peter G. Schoonmaker
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President and Chief
Executive Officer
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3
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