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SMTX > SEC Filings for SMTX > Form 8-K on 18-Sep-2009All Recent SEC Filings

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Form 8-K for SMTC CORP


18-Sep-2009

Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfe


Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On September 15, 2009, SMTC Corporation (the "Company") received a letter from The Nasdaq Stock Market (the "Notice') notifying the Company that for the 30 consecutive trading days preceding the date of the Notice, the bid price of the Company's common stock had closed below the $1.00 per share minimum required for continued inclusion on The Nasdaq Global Market pursuant to Nasdaq Marketplace Rule 5450(a)(1). The Notice further stated that the Company has been provided 180 calendar days, or until March 15, 2010, to regain compliance with the $1.00 per share bid price requirement in accordance with Nasdaq Marketplace Rule 5810(c)(3)(A). To regain compliance with the bid price requirement, the bid price of the Company's common stock must close at or above $1.00 per share for a minimum of ten consecutive trading days prior to March 15, 2010.

The Company continues to monitor the bid price for its common stock. If its common stock does not trade at a level that is likely to regain compliance, the Company's Board of Directors will consider options available to the Company to achieve compliance.

On September 18, 2009, the Company issued a press release, attached to this Current Report on Form 8-K as Exhibit 99.1, reporting that it had received the Notice from Nasdaq.



Item 9.01. Financial Statements and Exhibits.

(d)

      Exhibit
      Number    Title
      99.1      Press Release of SMTC Corporation dated September 18, 2009.


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