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DAEG > SEC Filings for DAEG > Form 8-K on 21-Sep-2012All Recent SEC Filings

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Form 8-K for DAEGIS INC.


21-Sep-2012

Other Events


Item 8.01 Other Events.

On July 27, 2012, Daegis Inc. (the "Company") filed a Current Report on Form 8-K regarding a notification from The NASDAQ Stock Market LLC ("NASDAQ") that, for the thirty consecutive business days ending July 26, 2012, the closing bid price for the Company's common stock was below the minimum $1.00 per share requirement for continued listing on the NASDAQ Capital Market under NASDAQ Marketplace Rule 5550(a)(2). The Company had been provided an initial period of 180 calendar days, or until January 23, 2012, to gain compliance with Marketplace Rule 5550(a)(2). The Company hereby notes that, on September 19, 2012, NASDAQ notified the Company that for 10 consecutive business days (from September 5, 2012 to September 18, 2012) the closing bid price of the Company's common stock had been at $1.00 per share or greater. Accordingly, the NASDAQ notified the Company that it had regained compliance with Marketplace Rule 5550(a)(2) and that the NASDAQ considered the Company's compliance with Marketplace Rule 5550(a)(2) closed.


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