SEC Filing Summary: Dataram Corporation (8-K)
Business Context and Reporting Period
This Form 8-K was filed by Dataram Corporation on August 6, 2012. The report addresses a regulatory notice received from the NASDAQ OMX Group regarding the Company's compliance with continued listing standards on The NASDAQ Capital Market.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The report focuses exclusively on stock listing compliance status.
Material Changes and Events
- Delisting Notice: On August 1, 2012, the Company received notice from NASDAQ that it failed to regain compliance with the $1.00 per share minimum bid price requirement (Rule 5550(a)(2)) for the 30 consecutive business days prior to January 31, 2012.
- Current Listing Status: The notice has no immediate effect on the listing. The Company's common stock continues to trade on The NASDAQ Capital Market under the symbol "DRAM."
- Compliance Extension: The Company successfully applied for and received an extension from NASDAQ until January 28, 2013, to regain compliance.
Outlook, Risks, and Management Commentary
To regain compliance by the January 28, 2013 deadline, the Company must achieve a closing bid price of at least $1.00 for a minimum of 10 consecutive business days at any time before the deadline. Management states the Company is actively pursuing available options to meet this requirement. The primary risk identified is the potential failure to meet the bid price standard, which could lead to delisting.
Investor Verification Checklist
- Verify the current trading price of Dataram Corporation (DRAM) to assess proximity to the $1.00 threshold.
- Monitor the stock's closing bid price over the next 10 consecutive business days to track progress toward compliance.
- Review subsequent filings for updates on the Company's specific strategies to increase share price.
- Confirm the exact deadline of January 28, 2013, for the compliance extension.