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| BWTR > SEC Filings for BWTR > Form 8-K on 12-Nov-2008 | All Recent SEC Filings |
12-Nov-2008
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard;
On November 11, 2008, Basin Water, Inc. (the "Company") received a staff determination notice from The Nasdaq Stock Market of an additional basis of non-compliance with the Nasdaq rules due to the Company's failure to file its quarterly report on Form 10-Q for the quarter ended September 30, 2008 on a timely basis. The Company previously reported its delay in filing its quarterly report on Form 10-Q for the quarter ended June 30, 2008. The Company is not in compliance with Nasdaq Marketplace Rule 4310(c)(14), which requires the timely filing with Nasdaq of all reports and other documents filed or required to be filed with the SEC. This non-compliance event was considered and factored into the November 10, 2008 decision of the Nasdaq Listing Qualifications Panel, which granted the Company an extension of time to file this report, as well as the Form 10-Q for the quarter ended June 30, 2008 and all required restated reports, by February 10, 2009 (as discussed below).
On November 10, 2008, the Nasdaq Listing Qualifications Panel granted the Company continued listing on The Nasdaq Global Market provided that the Company files its quarterly reports on Form 10-Q for the periods ended June 30, 2008 and September 30, 2008 and any restatements of prior periods that may be required by February 10, 2009.
A copy of the press release relating to this announcement is attached as Exhibit 99.1 and is incorporated herein by reference.
(d) The following exhibits are furnished herewith:
Exhibit No. Document
99.1 Press release issued by Basin Water, Inc. on November 11, 2008.
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