UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 7, 2014
TIGERLOGIC CORPORATION
(Exact name of registrant as specified in its charter)
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Delaware |
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000-16449 |
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94-3046892 |
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(State or other jurisdiction |
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(Commission |
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(I. R. S. Employer |
2855 Michelle Drive, Suite 190
Irvine, CA 92606
(Address of principal executive offices, zip code)
Registrant’s telephone number, including area code: (949) 442-4400
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On October 7, 2014, TigerLogic Corporation (the “Company”) received a letter from the Listing Qualifications Department of The NASDAQ Stock Market indicating that the closing bid price for the Company’s common stock for the last 30 consecutive business days had been below the minimum $1.00 per share required for continued listing on The NASDAQ Capital Market under NASDAQ Listing Rule 5550(a)(2). The letter states that the Company will be afforded 180 calendar days, or until April 6, 2015, to regain compliance with the minimum bid price requirement. In order to regain compliance, shares of the Company’s common stock must maintain a minimum closing bid price of at least $1.00 per share for a minimum of ten consecutive business days. In the event the Company does not regain compliance within the 180-day period, NASDAQ may grant the Company an additional 180 calendar days to regain compliance provided the Company meets certain specified requirements.
The Company intends to actively monitor the bid price for its common stock and will consider available options to regain compliance with the NASDAQ minimum bid price requirement.