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VSCI > SEC Filings for VSCI > Form 8-K on 17-Dec-2013All Recent SEC Filings

Show all filings for VISION SCIENCES INC /DE/

Form 8-K for VISION SCIENCES INC /DE/


17-Dec-2013

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.

As previously reported, on November 13, 2013, Vision-Sciences, Inc, (the "Company") received a notification letter from the Listing Qualifications Department of The NASDAQ Stock Market ("NASDAQ") indicating that, for the last 30 consecutive business days, the bid price for the Company's common stock had closed below the minimum $1.00 per share requirement for continued listing on The Nasdaq Capital Market under NASDAQ Marketplace Rule 5550(a)(2). In accordance with NASDAQ Marketplace Rule 5810(c)(3), the Company has 180 calendar days, or until May 12, 2014, to regain compliance with the minimum $1.00 price per share requirement. To regain compliance, anytime before May 12, 2014, the bid price of the Company's common stock must close at $1.00 per share or more for a minimum of 10 consecutive business days.

On December 13, 2013, the Company received a notification letter from the Listing Qualifications Department of NASDAQ indicating that for 10 consecutive business days, from November 25, 2013 to December 12, 2013, the bid price for the Company's common stock has closed above the minimum $1.00 per share requirement for continued listing on The Nasdaq Capital Market under NASDAQ Marketplace Rule 5550(a)(2). Accordingly, the Company has regained compliance with NASDAQ Marketplace Rule 5550(a)(2).


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