Business Context and Reporting Period
This Form 8-K is filed by Marathon Patent Group, Inc. (noted as MARA Holdings, Inc. in metadata) for the reporting date of April 23, 2019. The filing addresses the company's compliance status with The Nasdaq Stock Market LLC regarding its common stock listing requirements.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The only financial metric disclosed is the stock price performance required for listing compliance.
- Stock Price Compliance: The closing bid price of the common stock was at or above $1.00 per share for 10 consecutive business days prior to April 23, 2019.
Material Changes
The primary material change is the restoration of compliance with Nasdaq Listing Rule 5450(a)(1). Previously, on July 10, 2018, the company was notified of non-compliance after its stock price failed to meet the $1.00 minimum requirement for 30 consecutive business days. As of April 23, 2019, the company has regained compliance.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future operations, or discussion of new risks or contingencies. The document strictly reports the resolution of the prior listing deficiency.
Investor Verification Checklist
- Verify the current trading status of the stock on Nasdaq to ensure continued compliance with the $1.00 minimum bid price rule.
- Confirm the company's legal name and ticker symbol, noting the discrepancy between the metadata ("MARA Holdings, Inc.") and the filing header ("Marathon Patent Group, Inc.").
- Review subsequent filings to ensure the stock price has not fallen below the $1.00 threshold again.