SEC Filing Summary: Atlantic Technology Ventures, Inc.
Business Context and Reporting Period
This Form 8-K was filed by Atlantic Technology Ventures, Inc. on May 23, 2001, reporting an event that occurred on May 21, 2001. The filing addresses the company's compliance status with Nasdaq Marketplace Rules regarding financial requirements.
Key Financial Metrics
The filing references the company's quarterly report on Form 10-QSB for the quarter ended March 31, 2001, as the basis for Nasdaq's review. Nasdaq determined that the company met the requirement of having at least $2,000,000 in net tangible assets or $500,000 in net income. Specific values for revenue, profit, cash flow, margins, debt, or liquidity are not provided in this document.
Material Changes
The primary material change is the resolution of a compliance issue. Nasdaq previously notified Atlantic Technology Ventures, Inc. that it did not meet the financial requirements for continued listing. Following a review of the March 31, 2001, financial data, Nasdaq advised the company on May 21, 2001, that it is now in compliance.
Outlook and Risks
Management commentary is limited to the confirmation of compliance. There are no forward-looking guidance statements, risk factors, or contingencies disclosed in this specific filing. The unusual item addressed is the prior non-compliance notification which has now been resolved.
Investor Verification Checklist
- Verify the specific net tangible assets and net income figures in the Form 10-QSB for the quarter ended March 31, 2001.
- Confirm the date of the previous Nasdaq non-compliance notification to understand the duration of the listing risk.
- Review subsequent filings to ensure continued compliance with Nasdaq listing standards.