Current Report Filing (8-k)
December 16 2016 - 5:01PM
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 14, 2016
THESTREET,
INC.
(Exact
name of registrant as specified in its charter)
DELAWARE
(State
or other jurisdiction of incorporation)
0-25779
(Commission
File Number)
|
06-1515824
(IRS
Employer Identification No.)
|
14
WALL STREET, 15
TH
FLOOR
NEW
YORK, NEW YORK 10005
(Address
of principal executive offices, including zip code)
Registrant’s
telephone number, including area code: (212) 321-5000
NA
(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 (see General Instruction A.2 below):
☐ 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))
Item
3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On
December 14, 2016, TheStreet, Inc. (the “
Company
”) received a notification from the Listing Qualifications
Department of The NASDAQ Stock Market LLC (“
NASDAQ
”) indicating that the Company is not in compliance with
NASDAQ Listing Rule 5450(a)(1) (the “
Rule
”) because the minimum bid price of the Company’s common stock
on the NASDAQ Global Market has closed below $1.00 per share for 30 consecutive business days. The NASDAQ letter has no immediate
effect on the NASDAQ listing or trading of the Company’s common stock.
In
accordance with NASDAQ Listing Rule 5810(c)(3)(A), the Company has 180 calendar days, or until June 12, 2017 to regain compliance
with the requirements under the Rule. If, at any time before that date the bid price of the Company’s common stock closes
at $1.00 per share or more for a minimum of 10 consecutive business days, NASDAQ will notify the Company that it has achieved
compliance with the Rule.
In
the event the Company does not regain compliance with the Rule by June 12, 2017, NASDAQ will notify the Company that its common
stock will be delisted from the NASDAQ Global Market, unless the Company requests a hearing before a NASDAQ Hearings Panel. Alternatively,
the Company may apply to transfer its securities to the NASDAQ Capital Market if it satisfies the requirements for initial listing
set forth in NASDAQ Listing Rule 5505(a), with the exception of the minimum bid price. If such an application for transfer were
approved, the Company would have an additional 180 calendar days to comply with the Rule in order for the Company’s common
stock to remain listed on the NASDAQ Capital Market.
This
information is being provided solely to comply with NASDAQ Listing Rules requiring public announcement of the Company’s
receipt of the letter from NASDAQ.
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.
|
THESTREET,
INC.
|
|
|
|
|
|
Date:
December 16, 2016
|
By:
|
/s/
Eric Lundberg
|
|
|
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Name:
Eric Lundberg
|
|
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