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CBMX > SEC Filings for CBMX > Form 8-K on 30-May-2013All Recent SEC Filings

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Other Events

Item 8.01 Other Events.

As previously reported, CombiMatrix Corporation (the "Company") submitted to the NASDAQ Stock Market a plan for regaining compliance with the $2,500,000 minimum stockholders' equity requirement for continued listing on the NASDAQ Capital Market under NASDAQ Capital Market Listing Rule 5550(b)(1) (the "Listing Rule").

On May 22, 2013, the Company received a notification that NASDAQ has granted the Company an extension until August 20, 2013 to evidence compliance with the Listing Rule in its Form 10-Q for the quarter ending June 30, 2013, provided that prior to its next periodic filing, the Company must evidence such compliance by furnishing to the SEC and NASDAQ a publicly available report disclosing that the Company has satisfied the stockholders' equity requirement for continued listing (among certain other related disclosures).

If the Company fails to evidence compliance upon filing its periodic report for the quarter ending June 30, 2013, the Company's securities may be subject to delisting. In the event NASDAQ provides written notification that the Company's securities will be delisted, the Company may appeal NASDAQ's determination to a Listing Qualifications Panel.

There can be no assurance that the Company will timely satisfy the conditions imposed by NASDAQ or that the Company's securities will remain listed on the NASDAQ Capital Market.

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