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| JOEZ > SEC Filings for JOEZ > Form 8-K on 22-Jan-2013 | All Recent SEC Filings |
22-Jan-2013
Other Events, Financial Statements and Exhibits
As previously disclosed, Joe's Jeans Inc. (the "Company") received a letter from The Nasdaq Stock Market ("Nasdaq") on December 7, 2012 (the "Nasdaq Letter"), notifying it of its failure to maintain a minimum closing bid price of $1.00 over the then preceding 30 consecutive trading days for its common stock as required by Nasdaq Listing Rule 5550(a)(2) (the "Bid Price Rule"). The Nasdaq Letter stated that the Company had until June 5, 2013 to demonstrate compliance by maintaining a minimum closing bid price of at least $1.00 for a minimum of 10 consecutive trading days. The Nasdaq Letter was issued in accordance with standard Nasdaq procedures and had no immediate effect on the listing of the Company's common stock.
On January 17, 2013, the Company received notification from Nasdaq that it determined that for 10 consecutive trading days, from January 3, 2013 to January 16, 2013, the closing bid price of the Company's Common Stock was at $1.00 per share or greater, the Company regained compliance with the Bid Price Rule and the matter was now closed.
A copy of the press release issued by the Company on January 22, 2013 announcing the receipt of this letter from Nasdaq is filed herewith as Exhibit 99.1 and incorporated herein by reference.
(d) Exhibits. Exhibit Number Description 99.1 Press Release dated January 22, 2013 |
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