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TELK > SEC Filings for TELK > Form 8-K on 20-Nov-2013All Recent SEC Filings

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Form 8-K for TELIK INC


20-Nov-2013

Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfe


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

On November 14, 2013, we received from The Nasdaq Stock Market ("Nasdaq") a notice letter indicating that based on our stockholders' equity of $2,441,000 disclosed in our Form 10-Q for the period ended September 30, 2013, we do not comply with the minimum $2,500,000 stockholders' equity requirement for continued listing on The Nasdaq Capital Market, set forth in Listing Rule 5550(b)(1). Under applicable Nasdaq rules, the Company has 45 calendar days to submit a plan to achieve and sustain compliance with all of the Nasdaq listing requirements. We intend to provide Nasdaq with such a plan on or before the December 30, 2013 deadline. If the plan is accepted, Nasdaq can grant the Company an extension of up to 180 calendar days from November 14, 2013 to evidence compliance.


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