Voxware 8-K 2007
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): March 23, 2007
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:
Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On March 23, 2007, Voxware, Inc., a Delaware corporation (the “Company”), received a determination from the Listing Qualifications Department of The NASDAQ Stock Market, Inc. (“NASDAQ”) indicating that the NASDAQ staff denied the Company’s request for continued listing on The NASDAQ Capital Market (the “Determination”) as a result of the Company’s failure to comply with or satisfy NASDAQ Marketplace Rule 4310(c)(2)(B), 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. In response to the Determination, the Company intends to request a hearing before the NASDAQ Listing Qualifications Panel (the “Panel”) to appeal the Determination and seek continued listing on The NASDAQ Capital Market. The request for the hearing before the Panel will stay the Determination at least until the hearing is held (generally held within 30 to 45 days from the request for such hearing). After the hearing, the Panel will render a formal decision on this matter. In the meantime, the Company’s securities will continue to trade on The NASDAQ Capital Market, pending issuance of the Panel’s final decision.
Item 9.01. Financial Statements and Exhibits.
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.