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SDIX > SEC Filings for SDIX > Form 8-K on 17-Jul-2013All Recent SEC Filings

Show all filings for SPECIAL DIVERSIFIED OPPORTUNITIES INC.

Form 8-K for SPECIAL DIVERSIFIED OPPORTUNITIES INC.


17-Jul-2013

Notice of Delisting or Failure to Satisfy a Continued List


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

On July 15, 2013, the staff of The NASDAQ Stock Market LLC ("NASDAQ") delivered a determination letter to Special Diversified Opportunities Inc. (formerly known as Strategic Diagnostics Inc.) (the "Company") indicating its belief that the Company no longer meets the NASDAQ listing standards, as it is not in compliance with Listing Rule 5101 and may be a "public shell" with no operating business following the sale of the Company's Life Sciences business, in addition to the prior sales of its other business lines. Pursuant to Listing Rule 5101, NASDAQ is exercising its discretion to apply more stringent listing standards to the Company and is proposing that the trading in the Company's common stock be suspended as of July 24, 2013 and delisted thereafter.

As of the date of this filing, the Company does not plan to appeal the determination by NASDAQ. Absent such an appeal, trading of the Company's common stock will be suspended at the opening of business on July 24, 2013, and a Form 25-NSE will be filed with the Securities and Exchange Commission, which will remove the Company's common stock from listing and registration on The Nasdaq Stock Market. Upon delisting of the Company's common stock, it is the Company's intention that its securities would eligible for quotation on the OTC Bulletin Board or in the "Pink Sheets".

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