SEC Filing Summary: Harmony Merger Corp. (8-K)
Business Context and Reporting Period
This Form 8-K was filed by Harmony Merger Corp. on January 6, 2017, reporting an event that occurred on January 5, 2017. The registrant is a Delaware corporation headquartered in New York. Note: The input metadata references "Nextdecade Corp," but the filing text explicitly identifies the registrant as "Harmony Merger Corp."
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 regarding a regulatory compliance issue and does not contain financial statements.
Material Changes
The material change reported is a regulatory compliance failure. On January 5, 2017, the Company received a notice from The Nasdaq Stock Market stating it failed to hold an annual meeting of stockholders within 12 months after its fiscal year ended December 31, 2015. This violates Nasdaq Listing Rules 5620(a) and 5810(c)(2)(G).
Outlook, Risks, and Management Commentary
- Compliance Plan: The Company intends to submit a plan to regain compliance with Nasdaq rules no later than February 21, 2017.
- Trading Status: While the compliance plan is pending, the Company's securities will continue to trade on Nasdaq.
- Risk: Failure to regain compliance could result in delisting, though no specific delisting date is provided in this text.
Investor Verification Checklist
- Verify the exact date the annual meeting was missed relative to the December 31, 2015 fiscal year-end.
- Confirm the submission of the compliance plan by the February 21, 2017 deadline.
- Monitor Nasdaq communications for any updates on the delisting risk or extension of the compliance period.
- Clarify the relationship between "Nextdecade Corp" (metadata) and "Harmony Merger Corp" (filing text) to ensure correct entity tracking.