Stereotaxis, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Stereotaxis, Inc. on January 14, 2013, covering an event that occurred on January 9, 2013. The filing addresses the company's compliance status with the NASDAQ Stock Market regarding the listing of its securities.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The only financial metric referenced is the Minimum Market Value of Publicly Held Shares (MVPHS), which the company maintained at or above $15,000,000 for a minimum of 10 consecutive business days.
Material Changes
The primary material change reported is the resolution of a listing deficiency. On June 25, 2012, the company received a notice from NASDAQ stating it failed to maintain the required $15,000,000 MVPHS for 30 consecutive business days. As of January 9, 2013, the company regained compliance with this requirement, and NASDAQ has advised that the matter is closed.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future operations, or discussion of new risks or contingencies. The report is strictly limited to confirming the restoration of compliance with NASDAQ Listing Rule 5450(b)(3)(C).
Key Facts for Investor Verification
- Confirm the current market capitalization and share price to ensure continued compliance with the $15,000,000 MVPHS requirement.
- Verify the number of publicly held shares to assess the stability of the market value metric.
- Review subsequent filings to ensure no new deficiency notices have been issued by NASDAQ.