SEC Filing Summary: Access Integrated Technologies, Inc.
Business Context and Reporting Period
This Form 8-K was filed on April 12, 2006, by Access Integrated Technologies, Inc. (Note: The request metadata references "Cineverse Corp.", but the filing text explicitly identifies the registrant as Access Integrated Technologies, Inc.). The report covers events occurring on April 10 and April 11, 2006, regarding the transfer of the company's stock listing.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is a current report focused on corporate governance and listing status rather than financial performance.
Material Changes
- Listing Transfer: The company received approval on April 10, 2006, to list its Class A common stock on The Nasdaq National Market (NASDAQ).
- Voluntary Delisting: The company notified the American Stock Exchange (AMEX) on April 11, 2006, of its intent to voluntarily cease trading on the AMEX effective after the close of trading on April 17, 2006.
- Trading Symbol Change: The stock will trade under the symbol "AIX" on the AMEX until the transfer is complete. Trading on NASDAQ is anticipated to commence on or about April 18, 2006, under the new symbol "AIXD".
Outlook and Management Commentary
Management, authorized by the Board of Directors, confirmed the strategic decision to transfer the listing to NASDAQ. The company anticipates a seamless transition with trading resuming on the new exchange immediately following the AMEX delisting date. No specific financial guidance, risks, or contingencies were disclosed in this filing.
Investor Verification Checklist
- Verify the exact date and time of the final trade on the AMEX under symbol "AIX" (expected April 17, 2006).
- Confirm the commencement of trading on NASDAQ under symbol "AIXD" (expected April 18, 2006).
- Review the attached press release (Exhibit 99.1) for additional details on the rationale for the listing transfer.
- Check subsequent filings for the company's first financial report post-transfer to ensure no operational disruptions occurred.