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ACLS > SEC Filings for ACLS > Form 8-K on 30-Nov-2012All Recent SEC Filings

Show all filings for AXCELIS TECHNOLOGIES INC | Request a Trial to NEW EDGAR Online Pro

Form 8-K for AXCELIS TECHNOLOGIES INC


30-Nov-2012

Notice of Delisting or Failure to Satisfy a Continued Listing Rule or St


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

On November 26, 2012, Axcelis Technologies, Inc. (the "Company") received a letter from the Nasdaq Stock Market indicating that for 30 consecutive business days the Company's common stock did not maintain a minimum closing bid price of $1.00 ("Minimum Bid Price Requirement") per share as required by Nasdaq Listing Rule 5450(a)(1).

The notification of noncompliance has no immediate effect on the listing or trading of the Company's common stock on the Nasdaq Select Global Market. Under the Nasdaq Listing Rules, if during the 180 calendar days following the date of the notification, or prior to May 28, 2013, the closing bid price of the Company's stock is at or above $1.00 for a minimum of 10 consecutive business days, the Company will regain compliance with the Minimum Bid Price Requirement and the common stock will continue to be eligible for listing on the NASDAQ Global Select Market.

The Company intends to monitor the closing bid price of its common stock and may, if appropriate, consider implementing available options to regain compliance with the Minimum Bid Price Requirement under the Nasdaq Listing Rules.


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