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Quotes & Info
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| ICOP > SEC Filings for ICOP > Form 8-K on 1-Oct-2008 | All Recent SEC Filings |
1-Oct-2008
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard;
On September 25, 2008, ICOP Digital, Inc. (the Company) received a letter from the Nasdaq Stock Market ("Nasdaq") notifying the Company that it was not in compliance with the minimum listing stock price requirement of Nasdaq Marketplace Rule 4310(c)(4) as a result of the closing bid price for the Company's common stock being below $1.00 for 30 consecutive business days. This notification has no effect on the listing of the Company's common stock at this time.
The Nasdaq Marketplace Rules provide the Company with 180 calendar days, or until March 24, 2009, to regain compliance, which will require the bid price of the Company's common stock to remain above $1.00 for a minimum of 10 consecutive business days. If we do not comply with Marketplace Rule 4310(c)(4) by March 24, 2009, we may be entitled to an additional compliance period of 180 days if at that time we meet the Nasdaq Capital Market initial listing criteria in Marketplace Rule 4310(c), except for the bid price requirement. There is no assurance we will be eligible for such additional compliance period or that our common stock will not be delisted from Nasdaq. The Company will continue to execute its business plan to provide an opportunity to demonstrate value to the investment community and regain compliance with this Nasdaq listing standard.
This document contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Such statements are subject to
risks and uncertainties that could cause actual results to vary materially from
those projected in the forward-looking statements. The Company may experience
significant fluctuations in future operating results or financial condition due
to a number of economic, competitive, and other factors, including, among other
things, our reliance on third-party manufacturers and suppliers, government
agency budgetary and political constraints, new or increased competition,
changes in market demand, the performance or reliability of our products, our
ability to obtain acceptable alternative lending arrangements, and our ability
to regain compliance with Nasdaq listing standards. These factors and others
could cause operating results to vary significantly from those in prior periods,
and those projected in forward-looking statements. Additional information with
respect to these and other factors, which could materially affect the Company
and its operations, are included in certain forms the Company has filed with the
Securities and Exchange Commission.
(d) Exhibit 99.1
99.1 Press release dated October 1, 2008
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