SEC Filing Summary: Wireless Ronin Technologies, Inc. (Form 8-K)
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Wireless Ronin Technologies, Inc. on September 29, 2010. The report addresses a change in the listing status of the Company's common stock. Note: The metadata provided in the request lists the company as "CREATIVE REALITIES, INC.", but the filing text explicitly identifies the registrant as "Wireless Ronin Technologies, Inc."
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 stockholders' equity requirement for the NASDAQ Global Market, which is a minimum of $10,000,000. The Company previously received notice from NASDAQ that it did not comply with this equity requirement.
Material Changes
- Listing Transfer: NASDAQ approved the Company's application to transfer its common stock listing from the NASDAQ Global Market to the NASDAQ Capital Market.
- Effective Date: The transfer is scheduled to occur at the opening of the market on October 4, 2010.
- Trading Symbol: The stock will continue to trade under the symbol "RNIN".
- Reason for Change: The transfer was initiated because the Company failed to meet the $10,000,000 stockholders' equity requirement for the NASDAQ Global Market (Rule 5450(b)(1)(A)).
Guidance, Outlook, and Risks
The filing does not contain forward-looking guidance, management commentary on future operations, or specific risk factors beyond the listing status change. The primary contingency noted is the successful transfer of the listing to the NASDAQ Capital Market, which was approved by NASDAQ on September 29, 2010.
Key Facts for Investor Verification
- Verify the Company's current stockholders' equity to understand the magnitude of the shortfall relative to the $10,000,000 Global Market requirement.
- Confirm the trading status of the "RNIN" symbol on the NASDAQ Capital Market starting October 4, 2010.
- Review the attached press release (Exhibit 99) for any additional details regarding the Company's financial position or strategic plans following the delisting.
- Clarify the discrepancy between the metadata company name ("CREATIVE REALITIES, INC.") and the filing registrant ("Wireless Ronin Technologies, Inc.").