EDGAR Online 8-K 2012
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): April 18, 2012
EDGAR Online, Inc.
(Exact Name of Registrant Specified in Charter)
Registrants telephone number, including area code: (301) 287-0300
(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):
As previously disclosed, on March 15, 2012, EDGAR Online, Inc. (the Company), appeared before the Nasdaq Listing Qualifications Panel (the Panel), to appeal the previously disclosed determination of the Nasdaq staff that the Companys common stock should be delisted from The Nasdaq Stock Market because the market value of the Companys listed securities had not regained compliance with the minimum requirement for continued listing. On that same day, the Company received from Nasdaq a deficiency letter notifying us that the failure to regain compliance with the minimum bid price requirement serves as an additional basis for delisting our common stock from The Nasdaq Stock Market. That letter stated that the Panel would consider the minimum bid price deficiency in its pending decision regarding the continued listing of the Companys stock on The Nasdaq Stock Market.
On April 18, 2012, the Company received a letter from The Nasdaq Stock Market indicating that the Panel has granted the Companys request to remain listed on The Nasdaq Stock Market. The exception granted by the Panel is subject to certain conditions as described in the April 18 letter, including that on or before July 16, 2012, the Company shall have evidenced a market value of listed securities of at least $35 million for at least 10 consecutive trading days; and shall have evidenced a closing bid price of at least $1.00 per share for at least 10 consecutive trading days. The letter also notes that the Panel reserves the right to reconsider the terms of the exception based on any event, condition or circumstance that exists or develops that would, in the opinion of the Panel, make continued listing of the Companys securities on The Nasdaq Stock Market inadvisable or unwarranted, and the letter requires the Company to remain in communication with the Panel as to such matters.
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.
Dated: April 19, 2012