Current Report Filing (8-k)
September 21 2017 - 4:24PM
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):
September 21, 2017
FALCONSTOR SOFTWARE, INC.
|
(Exact name of registrant as specified in its charter)
|
|
|
|
Delaware
|
00
0-23970
|
77-0216135
|
(State or Other Jurisdiction
of Incorporation)
|
(Commission
File Number)
|
(IRS Employer
Identification No.)
|
|
|
|
2 Huntington Quadrangle, Melville, New York
|
11747
|
(Address of Principal Executive Offices)
|
(Zip Code)
|
Registrant’s Telephone Number, Including
Area Code:
631-777-5188
N/A
|
(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))
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. ☐
|
Item 3.01.
|
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of
Listing.
|
On September 21,
2017, FalconStor Software, Inc. (the “Company”) received notice from the Nasdaq Hearings Panel (the “Panel”)
of the Panel’s decision to delist the Company’s shares from listing on The Nasdaq Capital Market. Suspension of trading
in the shares will be effective at the open of business on September 25, 2017. The Nasdaq Stock Market will complete the delisting
by filing a Form 25 Notification of Delisting with the Securities and Exchange Commission after applicable appeal periods have
lapsed. Following suspension of trading of the Company’s common stock on The Nasdaq Capital Market, the Company’s shares
will be quoted on the OTC Markets’ OTCQB.
As previously disclosed,
the Company was before the Panel on June 29, 2017, after the Nasdaq Staff notified the Company that it was not in compliance with
the minimum bid price and the minimum market value of listed securities under the Nasdaq Listing Rules. The Panel issued a decision
on July 19, 2017 continuing the Company’s listing, provided the Company met certain milestones. On September 19, 2017, the
Company informed the Panel that it would be unable to regain compliance as required by the decision.
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: September 21, 2017
|
FALCONSTOR SOFTWARE, INC.
|
|
|
|
|
|
By:
|
/s/ Patrick McClain
|
|
|
Name:
|
Patrick McClain
|
|
|
Title:
|
Executive Vice President, Chief Financial Officer and Treasurer
|
FalconStor Software (PK) (USOTC:FALC)
Historical Stock Chart
From Apr 2024 to May 2024
FalconStor Software (PK) (USOTC:FALC)
Historical Stock Chart
From May 2023 to May 2024