Current Report Filing (8-k)
January 25 2021 - 8:56AM
Edgar (US Regulatory)
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0001431959
2021-01-22
2021-01-22
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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):
January 22, 2021
Torchlight Energy Resources, Inc.
(Exact name of registrant as specified in its
charter)
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Nevada
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001-36247
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74-3237581
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(State or other jurisdiction of
incorporation or organization)
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(Commission File Number)
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(IRS Employer Identification No.)
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5700 W. Plano Parkway, Suite 3600
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Plano, Texas 75093
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(Address of principal executive offices)
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Telephone – (214) 432-8002
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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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, $0.001 par value
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TRCH
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The Nasdaq Stock Market LLC
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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 o
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. o
Item 8.01. Other Events.
As previously reported, on November 21, 2019
the Listing Qualifications Staff (the “Staff”) of The Nasdaq Stock Market (“Nasdaq”) notified Torchlight
Energy Resources, Inc. (“Torchlight”) that Torchlight’s common stock failed to maintain a minimum bid price of
$1.00 over the previous 30 consecutive business days as required by Nasdaq Listing Rule 5550(a)(2). On January 22, 2021, the Staff
notified Torchlight that it has determined that for the 10 consecutive business days, from January 7 to January 21, 2021, the closing
bid price of Torchlight’s common stock has been at $1.00 per share or greater. Accordingly, Torchlight has regained compliance
with Listing Rule 5550(a)(2). Accordingly, Torchlight has been removed from Nasdaq’s non-compliance list, and the matter
is now closed.
On January 25, 2021, Torchlight issued a press
release announcing that Torchlight has regained compliance with Nasdaq Listing Rule 5550(a)(2). A copy of the press release is
attached as Exhibit 99.1 to this current report on Form 8-K and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
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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Torchlight Energy Resources, Inc.
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Date: January 25, 2021
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By: /s/ John A. Brda
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John A. Brda
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President
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