Item 8.01 Other Events.

As previously announced on April 20, 2012, Spherix was notified by NASDAQ that its common stock failed to meet the minimum bid price; thus the Company was put on notice of a potential de-listing of its stock if it failed to regain compliance with the rule. On October 8, 2012, NASDAQ provided confirmation to the Company that the Company has regained compliance with Marketplace Rule 5550(a)(2) since the closing bid price of its common stock, $0.01 par value per share, had traded at $1.00 per share or greater for at least ten
(10) consecutive business days.

As previously announced on September 28, 2012, Spherix expects to present NASDAQ, by November 9, 2012, with a plan to achieve compliance with the minimum publicly held shares requirement.