Current Report Filing (8-k)
September 21 2018 - 6:05AM
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 20, 2018
GIGGLES
N’ HUGS, INC.
(Exact
name of registrant as specified in its charter)
Nevada
|
|
000-53948
|
|
20-1681362
|
(State
or other jurisdiction
of
incorporation)
|
|
(Commission
File
Number)
|
|
(IRS
Employer
Identification
No.)
|
3222
Galleria Way
Glendale,
California 91210
|
(Address
of principal executive offices)
|
Registrant’s
telephone number, including area code:
818) 956-4847
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:
[ ]
|
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
September 14, 2018, Giggles N’ Hugs, Inc., a Nevada corporation (the “Company”) received notice that its bid
price closed below $0.01 for more than 30 consecutive calendar days and no longer meets the Standards for Continued Eligibility
for OTCQB as per the OTCQB Standards, Section 2.3(2), which states that a company must “maintain proprietary priced quotations
published by a Market Maker in OTC Link with a minimum closing bid price of $.01 per share on at least one of the prior thirty
consecutive calendar days.”
As
per Section 4.1 of the OTCQB Standards, the Company will be granted a cure period of 90 calendar days during which the minimum
closing bid price for the Company’s common stock must be $.01 or greater for ten consecutive trading days in order to continue
trading on the OTCQB marketplace. If this requirement is not met by
December 13, 2018
, the Company will be removed from
the OTCQB marketplace. In addition, in the event that the Company’s closing bid price falls below $0.001 at any time for
five consecutive trading days, the Company will be immediately removed from OTCQB.
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 duly authorized.
|
Giggles
N Hugs, Inc.,
a
Nevada corporation
(Registrant)
|
|
|
|
Date:
September 20, 2018
|
By:
|
/s/
Joey Parsi
|
|
Name:
|
Joey
Parsi
|
|
Title:
|
Co-
Chief Executive Officer
|