- Current report filing (8-K)
August 05 2010 - 4:30PM
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):
August 2, 2010
Voxware, Inc.
(Exact Name of Registrant as Specified in Charter)
Delaware
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0-021403
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36-3934824
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(State or Other Jurisdiction
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(Commission File Number)
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(IRS Employer Identification
No.)
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of Incorporation)
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300 American Metro
Blvd., Suite 155, Hamilton, NJ
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08619
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(Address of Principal Executive Offices)
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(Zip
Code)
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(609) 514-4100
(Registrant's telephone number,
including
area code)
Not
applicable
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(Former Name or Former Address, if
Changed Since Last Report)
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Check the appropriate
box below if the Form 8-K is intended to simultaneously satisfy the filing
obligation of the registrant under any of the following provisions:
o
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Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425).
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o
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12).
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o
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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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o
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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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Item 3.01. Notice of Delisting or Failure to
Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On August 2, 2010,
Voxware, Inc., a Delaware corporation (the “Company”), received a letter from
the Listing Qualifications Department of The NASDAQ Stock Market, Inc.
(“NASDAQ”) informing the Company of its non-
compliance with NASDAQ Marketplace Rule
5550(a)(2), which requires companies listed on the NASDAQ Capital Market to
maintain a minimum bid price of $1.00 per share. Under NASDAQ Marketplace Rule
5810(c)(3)(A), the Company has a grace period of 180 calendar days, or until
January 31, 2011, in which to regain compliance. If at anytime during this grace
period the bid price of the Company’s common stock is $1.00 per share or more
for a minimum of ten consecutive business days, NASDAQ will provide the Company
with written confirmation of regained compliance.
The Company has
previously reported that on May 24, 2010 the Company received a notice from
NASDAQ indicating that the NASDAQ staff had determined that the Company did not
comply with or satisfy NASDAQ Marketplace Rule 4310(c)(2)(B) for continued
listing on the NASDAQ Capital Market, which requires that the Company maintain
minimum stockholder’s equity of $2,500,000 or $35,000,000 market value of listed
securities or $500,000 of net income from continuing operations for the most
recently completed fiscal year or two of the three most recently completed
fiscal years. To facilitate NASDAQ’s review, the Company provided its specific
plan to achieve and sustain compliance with the NASDAQ Capital Market listing
requirements, including the time frame for completion of the plan. The Company
is also working to provide NASDAQ with additional requested materials. There can
be no assurance that the Company’s plan will be acceptable to NASDAQ or that the
Company will be able to maintain the listing of its common stock on the NASDAQ
Capital Market.
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.
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VOXWARE, INC.
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Dated: August 5, 2010
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By:
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/s/ William G.
Levering
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Name: William G. Levering
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Title: Vice President and Chief Financial
Officer
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